The industrial property at 27788 Hancock Parkway in Valencia, CA, spans 50,930 square feet and is located within Valencia Commerce Center. Boasting Class A features, the property includes a secured truck court, 30-foot clear heights, six dock-high loading docks, and one grade-level door. Situated at the intersection of Interstate 5 and Highway 126, this asset is conveniently positioned within 7 miles of the Santa Clarita train station and 24 miles from Hollywood Burbank Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not provided
• Tenant: 24/7 Events Inc
• Tenant's Representative: Matt Dierckman and Matthew (Matt) Dierckman of Colliers International
• Landlord: Private Investor
• Square Feet: 50,930
• Market: Valencia

CBRE played a significant role in the transaction, with Executive Vice President Craig Peters representing the landlord, while Senior Vice President Matt Dierckman assisted the tenant, 24/7 Events Inc. Additionally, Peters serves as a leasing agent for a forthcoming 54-acre business park situated 13 miles away from the Valencia Commerce Center. With this long-term lease commencing in April, the occupancy rate at Valencia Commerce Center is set to increase to 98%, as the tenant prepares to relocate from their current Santa Clarita, CA location.