1154 mcCadden pl
PRICE
BUILDING SIZE
HOLLYWOOD, CA 90038
$4,750,000
7,552 SF
LOT SIZE
15,000 SF
APN
OCCUPANCY
YEAR BUILT
5532-021-027
100%
1965
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 1154 N McCadden Place, a 7,500-square-foot freestanding industrial building on a fully secured 15,000-square-foot double lot in the Hollywood Media District, one block East of Highland Avenue and a few hundred feet north of Santa Monica Boulevard. The Property is 100% occupied by Ferguson Enterprises (NYSE: FERG), an S&P 500 constituent rated Baa1 by Moody’s and BBB+ by S&P, which has operated here continuously since September 15, 1992 on a triple-net lease running through January 31, 2030 with two three-year options to 2036.
The Property is a 7,552-square-foot single-story industrial building constructed in 1965 on a 15,000-square-foot fenced and gated lot at the Northwest corner of the block (McCadden Place and Lexington Avenue).
7,552 SF of single-story industrial space, on 15,000 square feet of fenced and gated land. A 2.0 : 1 land-to-building ratio on a block where parcels average 5,000 to 7,500 SF.
The improvements are configured for distribution: a warehouse with loading at grade, a counter and office area at the street, and a secured paved yard that accommodates fleet parking, material storage, and truck circulation. The yard is the operational reason a route-based distributor has occupied the site for 34.0 years, and the reason owner-users engage on this configuration.