The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





LOS ANGELES COUNTY NEWS
Printer-friendly Version   Email an Associate
L.A. Area Industrial Portfolio Traded in $15.25 Mil Transaction

2/03/20

A three-building, 91.2k sf leased industrial portfolio in northern Los Angeles County traded for $15.25 mil, or $167/sf. The deal came in a 5.0% cap rate.

The portfolio sale included two single-tenant industrial buildings totalling 22k sf and 19.2k sf, located at 7658 and 7735 Haskell Ave (respectively) in the San Fernando Valley community of Van Nuys. The third property is a 50k sf, multi-tenant industrial building located at 24922 Anza Dr in the city of Santa Clarita. At the time of the sale, all three buildings were 100% leased.

Chris Jackson and Todd Lorber with NAI Capital’s Investment Services Group represented the buyer, ARKA Van Nuys 1 LLC, and the seller, VAD LLC, in the transaction. The portfolio sold for $15,250,000 or a blended $167 per square foot at a 5.0% cap rate.

Todd noted, “Below market rents, in a tight market, made this is an excellent long term investment that satisfied our clients’ acquisition requirements for their 1031 exchange.”





Return to the Archive page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media