12610 Saticoy St S 11,374 SF Industrial Building North Hollywood, CA 91605 $6,803,664 CAD ($598.18 CAD/SF)

This trophy property was constructed in 1989 and extensively renovated in 2019. It is a pride of ownership freestanding industrial configured building, consisting of approximately +/- 11,374 Sq. Ft., with over 3,500 Sq. Ft. of high-quality office build-out. It is located on a large parcel with level topography and 31 parking stalls that provide ample surface parking. The building is ideally suited to high tech use, such as an AI data center tailored towards either Cloud Services, Digital and Data Storage, Server Hosting and more. There is generous room for the addition of extra equipment and computer hardware. The site is zoned M2-1 and falls in the Light Manufacturing use code. The property benefits from a full sprinkler system, three-phase power with 1200 amps which yields great capacity to simultaneously power large numbers of computers, heavy machinery and large HVAC systems. Other building assets include on-site high-speed fiber power from both Spectrum and AT&T, including a fully functional commercial grade rooftop mounted Solar Photovoltaic (PV) power generation system and NET meter, which owned exclusively by the Seller and is transferrable to the new property owner. Three grade level docks provide access to the warehouse portions of the building, with 18-foot ceilings that provide great vertical storage and cost-efficiency by enabling the user to maximize space usage through the use of racking systems. The building also includes a dedicated server room with its independent climate control system to ensure that essential equipment operate at optimal temperatures, to prevent hardware failures. Secure entry building utilizing smart access control systems to either restrict unauthorized access to areas of the building, or grant personnel broader access to more areas, through the use of smart phone apps. This is an exceptionally well-maintained building that has many quality upgrades and showing is by appointment only.
The property is located in the City of North Hollywood, CA in a very strong pocket of high-quality industrial properties. The property is highly visible and can be accessed from Saticoy St South where it enjoys an approximately +/- 114.5’ frontage. This is a light manufacturing zone and the subject benefits from easy access to major freeways. NoHo is a vibrant high growth submarket, where ongoing high value development continues to drive local property values and demand for local products and services.