The Cook-owned Walnut Property LLC recently purchased the Walnut Business Center for $6.6 million. The property is located at 19555-19575 E. Walnut Drive South, in the San Fernando Valley. Jeff Bethel and Peter Bacci, both from Lee & Associates’ City of Industry office, represented the buyer. The sellers were Catesgarb Holdings and the buyer is a new company. The transaction closed in July.
Sold
MCA Realty recently closed the sale of Walnut Business Park, a two-building, multi-tenant industrial park in Las Vegas, Nevada. The property has been fully leased and is 100% occupied by 12 tenants. The property has undergone recent repositioning and renovations, including new exterior paint, upgraded parking lots, signage, and deferred maintenance repairs. The sale price reflects the recent improvements made to the property.
The walnut business center is located at 19555-19575 E. Walnut Drive South in Los Angeles. The sale price was $6.6 million. The center has a total of 79,580 square feet of space. Currently, there are only two industrial spaces for lease, with the largest space measuring 1,435 square feet. The center is a premier location for retail, with high visibility to both the Austin and San Antonio areas.
The sale was brokered by JLL and IDS Real Estate, a Los Angeles-based office landlord. The property features over 330,900 square feet of space. It previously belonged to Vogel Properties, a business-focused industrial landlord. It is now leased to a variety of tenants. However, despite its high-profile location, the property’s current market value is still quite low. That said, the deal could still prove to be a lucrative investment.
Employees
The Walnut Business Center is located at 745 – 831 S Lemon Ave in the Diamond Bar area of California. Located on 270 acres, this center is poised to become a world-class employment and business center. The business park attracts the next generation of business owners, executives, and entrepreneurs with ample affordable space, employee amenities, and free summer activities. This article will discuss some of the best features of Walnut Business Center.
Sales
The Marcus & Millichap team has successfully brokered the sale of the Walnut Hill Business Center, a multi-tenant industrial property in Comal County. The center has direct visibility to commuters driving between Austin and San Antonio. The property features inline retail space as well as two multi-tenant outparcels. A potential pad site fronting Interstate 35 is also available. Other nearby tenants include H-E-B and Lowe’s Home Improvement.
The Walnut Business Center is located at 829 S. Lemon Ave, Unit A11B. Small office space is available for lease. This property offers a business park environment with ample signage and easy access to local amenities. This is the perfect place to start a small business or expand your existing operation. The center is located in a desirable business district, but is easy to reach from Highway 101. Several major employers are nearby.
OfficeSpace will contact select partners and customers regarding inquiries. The property offers current yield, upside rental growth, and condo unit user sales potential. Walnut Business Park has 100% leasing to 12 tenants. The available space ranges from 5,654 to 6,040 square feet and features 24′ clear heights. When leasing, you will find that the rental rates are very reasonable. You can expect to earn between 5% and 20% of the space’s value.
Employee parking
Employee parking at the Walnut Business Center will be free for the first five months, but after that, the cost will increase to $40 per month. Afterwards, retailers may either pass these costs on to employees, or they can pay the full amount themselves. If employees prefer to pay for their own parking, they can purchase a parking permit, which costs $35 per year, for a designated space. They can then park their vehicles in these spots.
UW affiliate and graduate students can also apply for employee parking. To do so, contact the unit transportation coordinator. They can enter you into the student parking application process. If you are not an affiliate employee, you can apply through the student parking page. For employees in the Health Sciences, complete the Request for Health Sciences Parking Application form. The Health Sciences UTC will contact you with additional information. You may also apply through the eBusiness portal.
Wet-pipe sprinkler system
Wet-pipe sprinkler systems are the most common type of fire sprinkler. They consist of overhead piping that is filled with water under pressure and discharges it when a fire activates a sprinkler head. These systems are most common because they are the easiest to install and maintain. Although they are the simplest, they can have problems in temperatures below 40 degrees F. In addition, all wet-pipe systems will eventually leak and require repair.
For buildings that have corrosive conditions, special fittings should be used. Unprotected exposed surfaces of the sprinkler system must have a protective coating. Certain corrosive conditions include open garages, bleachers, metal plating processing, trash environments, and commercial laundries. The sprinkler system should also be installed in areas that are exposed to moisture or chemical fumes.
If you plan to modify an existing system, you need to apply for a life safety permit. This is a legal requirement in California, and you should seek a fire protection contractor who has this license before installing a sprinkler system. Make sure you have the correct permits and a copy of the plans. You should also check with the fire department to see if you need to change anything. They may require you to change the location of your sprinklers.
The control valves must be located inside the building. The room where the sprinklers are installed must be at least one hour in construction. If you have stairs or elevators on the floor, they should be located on the rated stairwells that provide exterior access to the ground floor. The valves should be operable from a height of seven feet or less. Once installed, you must ensure that you have an approved riser room.
TPO Roofs
TPO roofs have numerous advantages. They are eco-friendly, recyclable, and energy efficient. In addition, they reduce HVAC energy waste. TPO roofs have few seams, making them easy to install. They are also lighter and more flexible than traditional roofing materials. These qualities make them an excellent choice for flat roofs. If you’re looking for a new roof for your commercial building, consider installing TPO.
TPO roofing is a highly versatile material and comes in multiple thicknesses. It chemically bonds rubber, ethylene, propylene, and several filler materials. It is closer to EPDM rubber than PVC. First, insulation boards are fastened to the roof substrate. The TPO roof can be adhered or mechanically fastened. Some buildings also use TPO over existing roof systems. Listed below are some of the benefits of TPO roofing.
Installing TPO roofing on a business center will increase the overall value of the building. While a TPO roof might cost more than a traditional roof, a quality installation will ensure a long-lasting, weather-resistant surface. There are many benefits to choosing a high-quality TPO manufacturer. Not only will your new roof last longer, it will also save you money in the long run. With many choices available, choosing the right contractor for your building is easy.
TPO roofing is environmentally friendly, as it reflects UVA and UVB rays and protects your property from harmful ultraviolet radiation. The white color of TPO is also highly reflective, reducing energy costs. It can also protect your building from ultraviolet rays, which means you’ll spend less on cooling your building. Its longevity makes TPO roofing an excellent choice for any type of building. If you want to build a building without any major maintenance, TPO roofing is an excellent choice.
The Walnut Business Center in Signal Hill, San Diego
Cook Walnut Property LLC recently sold the Walnut Business Center for $6.6 million. Located at 19555-19575 E. Walnut Drive South, the business center has a total of four stories and has been on the market for more than two years. The property was sold through a joint venture between Catesgarb Holdings and Lee & Associates, and Peter Bacci of Lee & Associates’ Los Angeles – Central office represented the buyer.
Space available to lease at the Walnut Business Center
The Walnut Business Center is a large industrial park with multi-tenant buildings and a convenient location. Constructed in 1975, the property has 79,580 square feet of space available for lease. The largest available space is 1,435 square feet and rents for $1.6/SF/MO. The property is close to major highways, as well as retail and service amenities. Its tenants include technology companies, financial institutions, and healthcare providers.
The Walnut Business Center is a three-building flex center with ample parking and excellent visibility. It is just one mile off US-183, and has new TPO roofs. The building is equipped with a wet-pipe fire sprinkler system and has ample employee parking. There are 170-190-foot truck courts, with 18-20-foot clear heights, and two-to-four dock high doors.
Cost of leasing space at the Walnut Business Center
The Walnut Business Center is a commercial building in Signal Hill, San Diego. Its multi-tenant industrial buildings total 94,280 square feet, with some of the buildings having a second-floor mezzanine. The property is located on Walnut Avenue, just south of Cheyenne Avenue, and offers easy access to the 1-15 freeway and to nearby retail and service amenities. The cost of leasing space at the Walnut Business Center is approximately $1.6/SF/MO.
The East Walnut Street office is 2,184 square feet and offers a reception area and four private offices. The space also includes a large conference room, two restrooms, and a private rear entrance. The building is leased for three years, and the upper floors are being renovated into luxury apartments. The cost of leasing space at the Walnut Business Center depends on the square footage and the number of tenants.
Employee parking at the Walnut Business Center
Currently, employees of the University of Pittsburgh Health System (UPHS) and HUP can pay for employee parking at the Walnut Business Center via payroll deduction. Permit holders don’t pay federal taxes on the amount that can be deducted from their paycheck. Equal payroll deductions are taken each month for monthly-paid employees and four times a week for weekly-paid employees. The amount of the payroll deductions is automatically adjusted each July based on changes in permit fees.
Proposed parking structures would mimic the existing commercial building and have plaster and painted concrete panels. They would also have windows framed in aluminum. One of the entrances would face the BART tracks, while the other would face the existing building. Moreover, there would be no public access to the other entrance. The proposed structure is a concrete and plaster structure, and its color would be earthtone, with large openings on each side.
COVID-19 affects business operations
Last year’s outbreak of COVID-19 forced businesses to respond with agility. With recovery underway, businesses should seize opportunities to build strategic resilience and business value. By conducting an after-action review, businesses will better position themselves to capitalize on opportunities arising during a post-COVID-19 recovery. This process will also improve their readiness to win when greater stability and certainty return. However, it’s not clear what will happen to businesses in the immediate future.
Businesses can play a vital role in slowing SARS-CoV-2’s spread in the workplace. However, in developing a COVID-19 preparedness plan, employers must consider the following workplace factors: geographical isolation, employee public interaction, risk of severe illness, and priority of continuity of operations. While this plan may have some obvious benefits, it could also lead to unforeseen expenses or even worsening of the disease.
