Captiva Partners Acquires Small Bay Industrial Property in North Hollywood

NORTH HOLLYWOOD, Calif.--(BUSINESS WIRE)--Captiva Partners has purchased a 66,400 square-foot multi-tenant small bay industrial property located in North Hollywood, California, for $15.7 million.

Located at 8210-8222 Lankershim Boulevard, the 3.3-acre property is comprised of three buildings with 41 suites ranging from 1,200 to 2,400 square feet. The property is on a major thoroughfare, within close proximity to Interstate 5, the Hollywood Freeway, the Ventura Freeway, and Hollywood Burbank Airport.

Captiva plans to implement a value-add business plan, including a capital improvement program that will address deferred maintenance and improve the property's functionality and attractiveness.

About Captiva Partners

Captiva Partners is a real estate investment and operating company based in Southern California. The firm focuses on the acquisition, management, and improvement of industrial and flex properties located in the Western US. For more information, please visit www.captivapartners.com.