BJ Turner Of Dunleer Acquires Class A Industrial Building In Van Nuys For $10.55M

Dunleer acquired a 34,400-square-foot, Class A multi-tenant industrial building at 7502–7536 Tyrone Avenue in Van Nuys for $10.55 million ($307/sf) in an off-market deal. The 2009-built asset is 100% leased across eight units.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,550,000
• Square Footage: 34,400
• Price Per Square Foot: $307
• Address: 7502-7536 Tyrone Avenue
• Market: Van Nuys

The buyer, BJ Turner, represents Dunleer in this acquisition. The transaction highlights potential value-add opportunities through a below-market basis, condo conversion potential, and possible unit expansion, indicating sustained demand for infill industrial assets in the San Fernando Valley.