520 - 560 Library Street, San Fernando, CA, 91340

520 - 560 Library Street San Fernando, CA 91340

520 - 560 Library Street, San Fernando, CA, 91340
520 - 560 Library Street, San Fernando, CA, 91340 520 - 560 Library Street, San Fernando, CA, 91340 520 - 560 Library Street, San Fernando, CA, 91340
FOR SALE
Property Type:
Warehouse
Amount:
$9,750,000
Last Verified:
Oct 10, 2023

Highlights

  • 2 BUILDING (29,941 SF) MULTI-TENANT PORTFOLIO FOR OWNER/USER OR INVESTOR
  • ASKING PRICE: $9,750,000 ($331.63 / SF)
  • ALL BUILDINGS ARE SOLAR POWERED.
  • 520, 540 & 550 Library Street is a 20,000 SF building divisible into four (4) units each measuring 5,000 SF. (APN 2519-025-009).
  • 558 – 560 Library Street is a 9,400 SF building comprised of two (2) units each measuring 4,700 SF. (APN 2519-025-001).

Description

Located in the business-friendly City of San Fernando, near the intersection of Interstate 5, 118, 405, and 210 Freeways, 520, 540 550, 558 & 560 Library Street is a portfolio of three (3) free-standing industrial buildings totaling 29,400 square feet and situated on two (2) parcels totaling 59,941 square feet. The buildings provide 14' – 16’ interior warehouse clearance height and ground level loading positions with 12’ x 12’ roll up doors. The building also features various amounts of office space, 3 phase power, fenced yards, ordinary fire hazard sprinklers and carry a City of San Fernando M1 industrial zoning designation allowing for a multitude of industrial applications.

520, 540 & 550 Library Street are two (2) 10,000 SF buildings, for a total of 20,000 SF on one (1) parcel (APN 2519-025-009):
520 Library Street is currently leased on a month-to-month basis and can be delivered vacant
at the close of escrow.



Encompassing 2.37 square miles, The City of San Fernando lies between Sylmar and Pacoima in Los Angeles’ San Fernando Valley region in northern LA County. San Fernando is surrounded by the City of LA on all sides and is located approximately 12 miles northwest of Burbank and 25 miles northwest of Downtown Los Angeles. The City is in the midst of a large-scale redevelopment centered on the Downtown area that will be transformed into a mixed-use destination for both residential and commercial uses. Manufacturing, retail and education are major local industry sectors.

San Fernando also provides easy access to commuter and freight rail along with Interstates 5, 210, and Highway 118. The City will become even more commuter-friendly with the completion of the planned East San Fernando Valley Transit Corridor project from LA Metro.

Building Size: 29400sq ft
Lot Size: 0 acres


Documents

Sale Brochure (L)

Map of 520 - 560 Library Street, San Fernando, CA, 91340

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.