Marcus & Millichap is pleased to present the opportunity to acquire the property located at 7243 Woodley Avenue in Van Nuys. This fully leased single-tenant automotive site totals approximately 4,000 square feet and is situated on 0.17 acres of LAC2-zoned land. This offering represents an opportunity for an investor in the highly sought-after Van Nuys area. Newly renovated in 2023, the property features five ground-level doors, 12’ clear height, and an improved second-floor office. A fully paved and gated lot with multiple entry points provides attractive maneuverability. The property also offers 60 feet of frontage along Woodley Avenue, providing excellent visibility and accessibility in a highly trafficked corridor (Woodley Ave 23,194 VPD & Sherman Way 41,215 VPD). The building is currently 100% occupied by Rich Group Collision Center, a respected and well-established auto body repair shop serving the San Fernando Valley; who has completed substantial renovations since the start of their lease, indicating a long-term commitment to remaining at the property.

The property is located in Van Nuys within the West San Fernando Valley submarket, a sizable market with over 48 million square feet of industrial space. The submarket is bordered on the east by Interstate 405 and runs along the 101 freeway west to Ventura County. Land availability and access challenges inhibit supply growth and demand from logistics firms, which favor areas closer to the ports and rail lines. Across a couple of smaller buildings, 150,000 SF of supply is under construction as of Q2 2025. The existing supply is concentrated in Chatsworth and near the Van Nuys Airport. Asking rents for industrial space in Los Angeles have fallen approximately 20% from recent peaks, declining as vacancy rises to 5% in Q2 of 2025. However, rent growth in the West San Fernando Valley outpaced the national average through the 2010s economic expansion cycle and pandemic-driven spike due to compressed availability and high barriers to development, a trend that endures in the long-term forecast. Tenant demand could improve in the upcoming year due to a rise in e-commerce sales growth, further rebound in imports to Southern California, and tamer inflation.