Stagg Street Industrial
- Address:
- 15222 Stagg Street, Van Nuys, CA 91405
- Property Type:
- Single Tenant
- Price:
- $2,750,000
- Cap Rate:
- 4.70% cap
- NOI:
- $129,181
- Square Feet:
- 15,000 sqft
- Lot Size:
- 0.69 Acres
- Price Per Square Foot:
- $183.33
- Year Built:
- 1959
-
Marketing Package*
Investment Highlights
Investment Highlights
- Two-Building 15,000-Square-Foot Shallow-Bay Warehouse Situated on 0.69 Acres
- Featuring Six Grade Doors, 12’-16’ Clear-Height, Five HVACs, and 400 Amps
- Prime Van Nuys Location Near 101, 405, Van Nuys Airport, and Major Transit Corridors
- 100% Occupied by Long-Term Tenant with 18 Years of Occupancy
- Pending Lease Renewal Creates Investment Opportunity to Reconfigure Into Smaller Shallow-Bay Units
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 15222 Stagg Street in Van Nuys, California, leased to D n A Entertainment Services, Inc. The subject property consists of approximately 15,000 square feet of industrial space and is situated on 0.69 acres of land. The two-building asset features five units, a 12’-16’ clear height, six grade-level doors, five HVAC units, 400 amps of power, and 24 parking spaces. Well-positioned just off Sepulveda Boulevard, the property has close proximity to Interstate 405 (which connects to U.S. Route 101) and the Van Nuys Airport, one of the largest general aviation airports in the world. D n A Entertainment Services has occupied the property since May 2008, with the lease expiring by the end of April 2026. Given the tenant’s long-standing history, the company is likely to exercise its remaining seven two-year renewal options. Founded in 1998, D n A Entertainment Services provides professional backline rental, technical support, cartage, and storage solutions for live music events, tours, and studio productions. In the event that the tenant does not renew, this sale offers buyers the opportunity to reconfigure the property into smaller shallow-bay units that have outperformed the general market in recent years.
The subject property is located in the massive East San Fernando Valley submarket, containing 55.4 million square feet of industrial space. In 2025, net absorption contracted by about -956,000 square feet as 102,000 square feet of net deliveries were added to the inventory. The vacancy rate rose to 5.5 percent, putting pressure on market rent growth to contract by -3.8 percent. At the start of 2026, 447,000 square feet of industrial space was under construction in the East San Fernando Valley, representing less than 1.0 percent of the existing inventory (CoStar).
The Los Angeles metropolitan area is home to a diverse population of 10.1 million, including over 4 million residents within city limits. The second largest city in the U.S. boasts an 81-mile coastline along the Pacific Ocean and is encircled by the picturesque Santa Monica and San Gabriel mountains, including the towering Mount San Antonio. Simply known as L.A., the city features a well-connected transportation network, including major interstates, Amtrak, Metrolink, and Los Angeles International Airport (LAX). The entertainment industry, nine Fortune 500 companies, and a prominent aerospace sector drive the economy. Los Angeles’ industrial activity is anchored by the Ports of L.A. and Long Beach which play a major role in the domestic supply chain as the leading point of imports from East Asia. With a growing population and high home prices, Los Angeles remains a vibrant and culturally rich metropolis.