Avison Young negotiates lease for 6.28 acres of industrial outdoor storage in the San Fernando Valley
Los Angeles, CA – Avison Young announces today it has negotiated a five-year lease of a 6.28-acre land parcel for industrial outdoor storage use located at 9361 Glenoaks Boulevard in Sun Valley, Calif., a submarket within the San Fernando Valley region of Los Angeles.
Avison Young Principal Patrick Barnes and Vice President Paul Clark who are both out of the firm’s downtown Los Angeles office and John DeGrinis of Newmark, represented the ownership, a private investor. The tenant, D & L Studio Transportation, Inc. was represented by Darrin Nickerson of IDS Real Estate Group.
“D & L Studio Transportation is relocating from its former space in Burbank,” said Barnes. “Our team advised and worked closely with ownership to negotiate a lease that maximized value for this IOS site in the San Fernando Valley submarket with an established, solid credit tenant that will use the space for movie trailer storage.”
He noted that outdoor storage space is increasingly hard to find and that this site garnered a number of tours and offers from area users.
The property is well-located near Interstate 5 and the Burbank Airport as well as proximate to Highway 170 and Interstate 210.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.
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Darcie Giacchetto, Media Relations & Content Specialist – Southwest: +1.949.278.6224