6315 VAN NUYS BOULEVARD
VAN NUYS, CA 91401
SALE PRICE: $2,600,000
The Hirth Group is pleased to announce the sale of 6315 Van Nuys Boulevard, Van Nuys, CA 91401 – a multi-tenant mixed-use retail/office building. The subject property is situated in Downtown Van Nuys, in close proximity to Van Nuys City Hall, with approximately 9,500 SF of building on an estimated 7,754 SF lot.
At the time of sale, the property was 75% occupied by tenants that have been in the building for many years. Considering the market is at an all-time high for owner-user opportunities and there is a very limited supply in Downtown Van Nuys, the seller elected to sell the building and 1031 Exchange into a property that he deems more suitable for the future of commercial real estate.
Ethan Donel, Alex Reyhan, and Daniel Hirth were able to procure multiple offers within the first two weeks of marketing and ultimately secure 100% of the listing price with a 57-day close. The seller has held the property as an investment for 20+ years and with our experience in the area we were able to achieve a very impressive price per square foot. We also represented the buyer who purchased the property for their law firm, assisted them through the SBA financing process and were able to help procure tenants for passive income throughout the escrow process.