Property Listing No Longer Available for Sale

6842 Van Nuys Blvd., Van Nuys, CA

Office for Sale - $24,995,000 - 99,903 Sq. Ft. on 49299.44 acres

Property Info

CIMLS #1025654
Location6842 Van Nuys Blvd.
Van Nuys CA 91405
Last UpdatedSeptember 6th, 2018
Building99,903 Sq. Ft.
Land49299.44 acres
DemographicsView data

Property Description

KW Commercial is pleased to present this 8 Story 99,903 SF office building with a separate 4 Story 67,490 SF parking structure on 67,518 SF PB zoned lot. The Building is formally known as the Phoenix Building.

This 8 Story Office Building currently has 2 tenants, which occupy 75% of the building. The tenants include Champs Charter High School of the Arts and Hot Solar Inc. The current vacancies include the basement, the 6th, and 7th floor.

Champs Charter High School of the Arts currently occupies 5 floors and is on a lease through 8/31/2035. The property also receives a Tax Abatement on the space occupied by the School for the duration of their lease. Hot Solar Inc. occupies the 8th floor and the penthouse unit on the roof. They are on a lease through 10/8/2023.

The subject property has ample on-site parking at the rear of the property with approximately 330 parking spaces in a 4 Story 67,490 SF structure.

This offering will attract either an investor who is looking for an irreplaceable asset with solid tenants and long-term leases or an owner-user who is looking to move their offices to the Van Nuys area while having steady cash flow from the current tenants.