Department Of Water & Power Acquires Industrial Property On Roscoe Blvd For $12.8M

The industrial property located at 21422 Roscoe Blvd in Canoga Park, CA has been sold in a closed transaction. The property spans a total area of 92,928 square feet and was sold for a price of $12,800,000, resulting in a price per square foot of $138.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $12,800,000
• Address: 21422 Roscoe Blvd, Canoga Park, CA
• Market: Canoga Park, CA
• Buyer: Department of Water & Power
• Seller: Bob Nouri

Representing the seller, Bob Nouri, in this transaction were Reza Ghobadi and Jared Papazian from Colliers. They facilitated the deal between the seller and the buyer, the Department of Water & Power. The transaction represents a significant sale in the industrial market of Canoga Park, CA.