Posts tagged Encino Office
Industrial brokerage team Executive Vice Presidents David Young, SIOR and Chad Gahr, SIOR both with NAI Capital’s Encino office represented Gruma Corporation dba Mission Foods, in the lease of a 50,689 square foot distribution building located at 14400 Arminta Street, Van Nuys, Calif.
14400 Arminta Street, built in 2007, is a concrete-tilt-up distribution facility, with 37’ ceiling height, an ESFR sprinkler system, and 8 truck high dock positions with a large truck court. The building is equipped with 9,769 square feet of office space and provides for 150 parking spaces. It is ideally located near the intersection of Van Nuys Boulevard and Roscoe, with immediate access to the 405, 5, 118 and 210 freeway.
“Following an exhaustive search, it took more than a year to identify a building in the right location with all of the technical specifications that Mission Foods required. This new building will be used for distribution purposes and is located one block to the west of their current 200,000 square foot processing plant,” said Young.
“This expansion represented a one-time opportunity for Mission Foods to secure additional square footage in close proximity to one of their major regional processing facilities,” said Gahr.
Headquartered in Irving, Texas, Mission Foods, a subsidiary of Gruma Corporation, is the #1 tortilla company in the U.S. and manufactures a variety of authentic Mexican products that are distributed worldwide.
CAMARILLO, CA – Timothy P. Foutz with NAI Capital’s Encino office representing the seller, DeRado Trust, sold an approximate 32, 110 sq. ft. industrial property located at 1230 Calle Suerte. The value of the transaction is totaled at $3,204,201.50 and was purchased by Neff, Inc. More >