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Monday, Dec 4, 2023

Van Nuys Icehouse Sells for $2.9 Million

A Van Nuys warehouse that is home to ice manufacturers has sold for $2.9 million (or $202 a square foot) in a deal closed Feb. 21, according to CoStar Group. Van Nuys-based Nm Glcr LP purchased the Class C structure from Arctic Ice Properties LLC. The owners behind Nm Glcr were not disclosed. Located at 14243 Bessemer St., the 14,353 square-foot ice-producing complex is home to two tenants, Canadian-owned company Arctic Glacier Premium Ice Inc. and the Union Ice. The East San Fernando industrial manufacturing building has been around since 1940. Based in Winnipeg, Manitoba, Arctic Glacier is a leading producer, marketer and distributor of high-quality packaged ice to consumers in Canada and the United States, with 45 production plants and 51 distribution facilities throughout North America. The company services more than 75,000 retail accounts.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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