Industrial Space Overview
Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group are exclusively representing the sale of 947-955 Venice Boulevard in Los Angeles, California. This two-story industrial property offers approximately 21,600 square feet of building space on an estimated 10,859-square-foot lot.
Built in 1958, the building features block/stucco construction, 3,000 square feet of office space, a 2,500-pound freight elevator, high ceilings, 3-phase power, skylight fans, a kitchenette, multiple bathrooms, a reception area, large windows on the façade, and an open floor plan. It also boasts great freeway access to the Santa Monica (I-10) Freeway and Harbor (110) Freeway.
This opportunity is ideal for owner-users to capitalize on the favorable vacancy rates and demand for industrial space in the submarket, potentially utilizing SBA financing with as little as 10% down.
The property is located within a State Enterprise Zone and an Opportunity Zone, providing tax benefits for investors and business owners. Buyers should verify details with the Los Angeles City.
Built in 1958, the building features block/stucco construction, 3,000 square feet of office space, a 2,500-pound freight elevator, high ceilings, 3-phase power, skylight fans, a kitchenette, multiple bathrooms, a reception area, large windows on the façade, and an open floor plan. It also boasts great freeway access to the Santa Monica (I-10) Freeway and Harbor (110) Freeway.
This opportunity is ideal for owner-users to capitalize on the favorable vacancy rates and demand for industrial space in the submarket, potentially utilizing SBA financing with as little as 10% down.
The property is located within a State Enterprise Zone and an Opportunity Zone, providing tax benefits for investors and business owners. Buyers should verify details with the Los Angeles City.
