Lee & Associates-LA North/Ventura Inc. arranged two industrial sales on behalf of Nearon Van Nuys Industrial LLC totaling 94,000 square feet in Van Nuys, Calif.

The total value of the transactions was $9.3 million

The first industrial sale, a 60,000-square-foot building totaling more than $5.8 million, is located at 7801 Hayvenhurst Ave. Nearon Van Nuys Industrial LLC sold the property to E&S International Enterprises Corp., a distributor and reseller of consumer electronics.

The second industrial sale, The Commerce Center at Van Nuys Airport, is a 34,000-square-foot building totaling more than $3.5 million. It is located at 7741 Hayvenhurst Ave. Nearon Van Nuys Industrial LLC sold the property to City Art, a community, non-profit art gallery.

Lee & Associates is a full-service commercial real estate company serving the San Fernando Valley and surrounding areas.

***

What’s your opinion? Send your Letter to the Editor to newsroom@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Don’t miss out! Inman Connect Las Vegas starts tomorrow and you can catch all the excitement with a virtual ticket.Register Now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription