24/7 Events Inc Leases Industrial Property In Valencia, CA To Private Investor

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.