Wilbur Smith III Of Greenlaw Partners And Howard Marks Of Oaktree Capital Acquire Industrial Facility For $38.7M
20705 Centre Pointe Parkway
$38,700,000
$221/SF
Building Size
175,000 SF
Asset Type
Industrial
Closing
Apr 28, 2026
AI
Greenlaw Partners and Oaktree Capital Management acquired an industrial facility located at 20705 Centre Pointe Parkway in Santa Clarita. The facility encompasses 175,000 square feet and sold for a transaction price of $38,700,000, which equates to $221 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $38,700,000
- Address: 20705 Centre Pointe Parkway
- Market: Santa Clarita
- Square Footage: 175,000
- Price Per Square Foot: $221
- Buyer: Wilbur Smith III - Greenlaw Partners
- Buyer: Howard Marks - Oaktree Capital Management
- Seller: John Paul Mitchell Systems
The transaction marks a significant event, being the second-largest industrial sale in the San Fernando Valley and Ventura County region during the first quarter of 2026. This acquisition demonstrates sustained investor interest in value-add industrial assets within the Santa Clarita area, amid a backdrop of increased vacancy rates and active leasing activities in the broader region.
Players
Santa Clarita Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93