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33317846
33317513

7949 Wheatland Ave, San Valley, Sun Valley, CA 91352

EB
CA 01293818
Main Street Properties
Listed by Main Street Properties
$3,540,000
4 days on market
Updated 4 days ago
Opportunity zone

Best West Fasteners

Details
APN 2497-013-017
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 6,675
Tenancy Single
Year Built 1986
Lot Size (SqFt) 11,000
Zoning MR-1
Investment Type Owner/User
Ground Lease No

Industrial | 6,675 SqFt

Marketing description

For the first time in 48 years, Best West Fasteners and the industrial building it has operated from since 1979 are available for acquisition together.

This is not a turnaround. This is not a startup. This is a 48-year-old cash-flowing distribution business with expanding margins, a tenured staff, and a free-and-clear freestanding warehouse in one of Los Angeles County's most supply-constrained industrial submarkets, available as a single owner-user package.

The business distributes fasteners, bolts, nuts, rivets, and industrial hardware to commercial and trade customers across greater Los Angeles. Gross margins have expanded from 50.7% to 61.5% over three years on stable revenue: a quality-of-earnings story that speaks to pricing power and customer loyalty built over four decades.

A key long-term employee is prepared to remain post-closing and run day-to-day operations, significantly reducing transition risk for the incoming buyer.

The real property is a 6,675 SF freestanding industrial warehouse on an 11,065 SF gated corner lot, zoned MR1-1, built 1986, free and clear. Sun Valley industrial vacancy sits at 2.6%. Freestanding product under 10,000 SF in this corridor rarely trades. The building is two minutes from the I-5 freeway and five minutes from Hollywood Burbank Airport: an irreplaceable location for any industrial operator.

The combined asking price of $3,540,000 represents a 9.2% blended yield on total annual income of $326,213 — $235,736 in recast seller's discretionary earnings from the business and $90,477 in stabilized net operating income from the real property. The buyer owns the building, operates the business, and eliminates all lease exposure on day one.

Full offering memorandum available upon request. Detailed financials released to qualified buyers upon execution of a Non-Disclosure Agreement. Do not contact the business or its employees directly. All inquiries through listing broker.

Investment highlights

Freestanding industrial building included: free and clear, no mortgage, no lender approval required on real property

48 years of continuous operation at the same address under the same ownership

Recast SDE of $235,736; normalized for owner compensation and related-party rent eliminated at closing

Gross margin expanded from 50.7% to 61.5% over three years on stable revenue; documented in P&Ls and tax returns

Key long-term employee prepared to remain and run day-to-day operations post-closing

Combined acquisition yields 9.2% blended return on $3,540,000 total investment

Sun Valley industrial vacancy at 2.6% — freestanding product under 10,000 SF rarely available

Two minutes to I-5, five minutes to Hollywood Burbank Airport

Gated corner lot with will-call window, shipping and receiving dock, and yard staging area

Below-market related-party rent converts to market rate at closing; immediate rent upside for any future investor

Conventional financing only: cash or conventional offers preferred

Full financials available to qualified buyers upon NDA execution

Listing Contacts

EB
CA 01293818
Main Street Properties
Listed by Main Street Properties

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Additional Information

Name
Eduardo Becerra
License
01293818
Brokerage Address
201 S. Lakevoew Ave
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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