Turnbridge Equities Acquires 205000 SF Eton Industrial Park In Canoga Park For $28M

The Eton Industrial Park, located at 21110-21129 Osborne Street in Canoga Park, Los Angeles, has been sold for $28 million. The asset encompasses 205,000 square feet of industrial space. With a current occupancy rate of 70%, the property presents opportunities for leasing improvements and value-added executions, given the submarket average occupancy of 98%.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $28,000,000
• Square Footage: 205,000
• Price Per Square Foot: $137
• Buyer: Andrew Joblon, Ryan Nelson, Jason Davis, Michael Gazzano, Jack Hechinger - Turnbridge Equities
• Broker: Jeff Abraham - Newmark
• Market: Canoga Park

Turnbridge Equities has initiated its strategy to acquire and reposition multi-tenant industrial assets across Southern California. In this transaction, Jeff Abraham will manage leasing efforts following the acquisition, leveraging his expertise from Newmark in facilitating the deal.