5527 Satsuma Avenue, an outstanding turnkey owner/user industrial opportunity, is located in the heart of the North Hollywood Arts District. The subject property consists of a ±4,000 square foot concrete block warehouse on a ±7,002 square foot parcel of land that holds a spacious backyard. Zoned commercial manufacturing (LAMR2), the building is comprised of approximately 1,333 square feet of industrial warehouse space and ±2,667 square feet of office space that consisting of ten (10) office suites. The property boasts an asphalt parking lot with four (4) marked spaces including a reserved handicap space. The asset features controlled access and is equipped with a professional security camera system installed throughout the premises. There is one (1) ground level roll-up door located in the front of the building. The property also benefits from being located within both a State Enterprise Zone and an Opportunity Zone. Additionally, the building is equipped with three (3) bathrooms including a full bath, full kitchen, and ceilings fans.
5527 Satsuma Avenue is uniquely located in the North Hollywood Art’s District, which provides any potential owner the opportunity to be walking distance from the many new developments and major retailers in the immediate area. This rare opportunity is ideal for an owner user looking to take advantage of SBA financing with as little as 10% down while owning a move in ready industrial building located in the North Hollywood Arts District!
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 in the near future. 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.