11942 Allegheny Street, Sun Valley, CA 91352

The subject property is a ±1.14 acre industrial yard located at 11942-11950 Allegheny Street in the city of Sun Valley. This site is composed of two individual parcels of land with APNs #2631-003-014 & 015. The site is located on Allegheny Street just a block south of San Fernando Road and less than a mile north of the I-5 freeway. The site is currently leased out to Best Trucking Services Inc. who has been a tenant since 2018. The term of their existing lease expires in February of 2028 at which time they will have one single remaining 5-year option. Best Trucking is currently paying $0.29 per square foot for the land at this time (gross lease), however the 5-year option lease rate will be at “Prevailing Market Rates” which is going to be an increase if they decide to stay. There are two small houses on the property which can be used as offices. The houses are 1,150 square feet and 720 square feet and they were built in 1947. There is also a newer 900 square foot structure on … read more …