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Thursday, Nov 30, 2023

Pair of Panorama City Warehouses Sell for $2.2 Million

Two industrial buildings in Panorama City have sold for $2.2 million.

Spectrum Commercial Real Estate’s Executive Managing Director Yair Haimoff and Vice President Barry Jakov transacted the sale of the two contiguous warehouses, located at 13942 Saticoy St. and 13938 Saticoy St. The properties were purchased by a single buyer in an all-cash deal.

Each building covers approximately 2,075 square feet on two separate 6,000-square-foot parcels that share a secured driveway.

The properties are centrally located minutes away from Van Nuys, Chandler Valley Center Studios and Kaiser Permanente. They stand across the street from Quixote Studios and are perfectly situated between the 405, 170, and 101 freeways.

“Our team worked creatively to secure both properties for our client in two separate all-cash transactions,” Jakov said in a statement. “Our client first purchased 13938 Saticoy Street and expressed interest in the adjacent property located 13942 Saticoy Street. We subsequently contacted the owner and secured the property for our client.”

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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