PRICE: $2,400,000

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Industrial Building | Owner/User Opportunity

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Ethan Donel, Alex Reyhan, and Daniel Hirth have been exclusively selected to market for sale 5358 Cartwright Avenue – a freestanding industrial building situated in the North Hollywood Arts District. This site boasts approximately ±4,960 square feet of building on an estimated ±11,885 square foot lot, zoned LAMR1. With its spacious lot, the property accommodates a great amount of parking and offers convenient truck loading access. Additionally, it features a kitchen, updated bathroom with four (4) stalls + one (1) shower, nine (9) private offices, one (1) roll-up door, and a distinctive bow-truss ceiling with a high clearance height. Furthermore, it enjoys the advantages of being situated within both a State Enterprise Zone and an Opportunity Zone.

 

Note: Buyer to confirm State Enterprise Zone and Opportunity Zone benefits. 

 

5358 Cartwright Avenue is uniquely located in the North Hollywood Art’s District, which provides any potential owner the opportunity of being in close proximity to the 101/134/170 and I-5 Freeway. This rare opportunity is ideal for an owner user looking to take advantage of SBA financing with as little as 10% down while owning an industrial building located in the North Hollywood Arts District!

 

Location, Location, Location! As one of the most lucrative submarkets in the San Fernando Valley, North Hollywood has seen a plethora of new developments and multi-unit housing coming to the area. Furthermore, after breaking ground of the new NoHo West development a lot more excitement has surrounded the North Hollywood area with what’s to come soon. This property is located within the North Hollywood Art’s District which in the last two decades has emerged as the intersection of an ever-evolving vibrant urban community filled with small theaters, arts-related activities and classes, restaurants and bars, apartments, and mixed-use buildings.