Prime Reseda Location
4,780 SF Free-Standing Building
13,095 Square Foot Lot
Excellent Signage and Exposure
Gated Parking in Rear
One Block South of Saticoy Street
Paley Commercial Real Estate recently Leased out the commercial space at 7543 Tampa Avenue in Reseda. The commercial building is approximately 4,780 square feet on 13,095 square feet of land. The property is located in Reseda one block South of Saticoy Street. The surrounding tenants include Arco, AMPM, H&R Block, Chase, US Bank, Albertsons, and 7-11. The building was previously occupied by Tampa Hardware for nearly 20 years; a lease Paley Real Estate prepared.
The open floor plan, central location, excellent signage and exposure make this property a desirable location for any retailer. Paley Commercial recommended the landlord to be open to dividing the space for the right tenant, since it tends to be easier to rent several smaller units, but within one week of signing a listing agreement, Jon Paley and his team were able to lease the entire premises to a construction office. The company agreed to a top dollar lease and the landlord had to put virtually no money into the building before the tenant took possession.
This transaction is a prime example of why Paley Commercial Real Estate is regarded as one of the top Commercial Brokers in the San Fernando Valley year after year. One of our main priorities as a company is to keep in front of Landlords even after a transaction is completed. Our office makes sure to periodically check in with Owners to see how the tenant is doing and provide market updates such as property leased and sold in the area. These proactive measures are what keeps landlords coming back to Paley Commercial for repeat business and why this particular Landlord chose to re-hire our company 20 years later.
This deal also demonstrates that even during a down-time, Paley Commercial Real Estate was able to get the deal done and procure a tenant so the landlord could start generating income. Since the shutdown that resulted from the COVID-19 pandemic, many landlords have been unsuccessful in leasing out vacant space and finding new tenants who are willing to start a lease. Within a week Jon Paley and his team identified a tenant and drafted a lease that was signed the following day. Our companies thorough vetting process and concise document drafting allowed this deal to be completed immediately. The construction office is using this down-time to set up their work space and prepare for when the shutdown is lifted. In turn the Owner is very pleased that he will be able to start generating income despite many other landlords having difficultly collecting rent and keeping their tenants.
If you are an Owner facing a vacancy at your San Fernando Valley commercial property do not hesitate to contact our office. No matter the circumstances, time of year, or current real estate market, our offices remain open to provide you with expert advice based on our 35 years of experience.