RPM Investments acquires 16,230-square-foot warehouse in Van Nuys

Lee & Associates – LA North/Ventura, a commercial real estate brokerage firm, has closed a $3 million industrial sale in Van Nuys, California. Scott Caswell, SIOR, Managing Director- Calabasas, and Erica Balin, both principals of Lee & Associates - LA North/Ventura, represented the buyer, Fox Capital, LLC, and the seller, The Kamat Family Trust, in the sale.

Located at 7020 Hayvenhurst Avenue, the 16,230-square-foot, multi-tenant industrial building was acquired through a 1031 tax-deferred exchange.

“It is very challenging to find any multi-tenant industrial buildings for sale in the San Fernando Valley and this is a rare find. This project is centrally located with great access to all the major freeways, quick access to Los Angeles and well suited to serve the Van Nuys Airport,” said Caswell.

“Due to its central location in the San Fernando Valley, 7020 Hayvenhurst Avenue is a great investment property,” said Caswell. “Not only is it less than five minutes away from the Van Nuys Airport, but it is also in close proximity to Interstate 405 and U.S. Route 101.”

About Lee & Associates - LA North/Ventura, Inc.

Celebrating 40 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada. With more than 900 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Lee & Associates-LA North/Ventura, Inc. provides industrial, office, retail and multifamily/investment and development land brokerage services across the San Fernando Valley, Conejo Valley, Antelope Valley and throughout Ventura County. For more information, visit lee-associates.com or follow us on Facebook, LinkedIn and Twitter