Updated Oct 29, 2024
Cole Taylor Of Colliers International Sells Package Deal In Valencia For $20M
24075 Magic Mountain Parkway & 24050 Creekside Road
$20,000,000
$824/SF
Building Size
13,944 SF
Asset Type
Industrial
Closing
Nov 18, 2022
About this deal
AI
The package deal located at 24075 Magic Mountain Parkway and 24050 Creekside Road in Valencia has been sold for a total of $20,000,000. The property spans 24,270 square feet, resulting in a price per square foot of $824. The sale was facilitated by Cole Taylor of Colliers International.
Summary of Transaction Details
- Property Type: Package Deal
- Transaction Amount: $20,000,000
- Address: 24075 Magic Mountain Parkway & 24050 Creekside Road
- Market: Valencia
- Square Footage: 24,270
- Price per Square Foot: $824
- Broker: Cole Taylor - Colliers International
The successful sale of the property was made possible through the expertise and representation of Cole Taylor from Colliers International. Their involvement in the deal highlights their ability to handle complex transactions and secure favorable outcomes for their clients.
Players
Market 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93