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Dedeaux Properties & Stockbridge Capital Group Acquire Industrial Property In Santa Clarita For $28.4M

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SOLD
$28,400,000

California

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Industrial214,400 SF
Sold 08/06/2020
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Property Image
SOLD

Dedeaux Properties & Stockbridge Capital Group Acquire Industrial Property In Santa Clarita For $28.4M

24903 Ave Kearny, Santa Clarita, CA 91355, USA

See Similar Deals
Industrial214,400 SF
Sold 08/06/2020
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$132
Total Square Footage:214,400 SF
Transaction Type:Sale

The industrial property located at 24903 Avenue Kearny in Santa Clarita has been sold in a closed transaction. The property, measuring 214,400 square feet, was sold for a total price of $28,400,000. This equates to a price per square foot of $132.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $28,400,000

The buyer of the property is a partnership between Dedeaux Properties and Stockbridge Capital Group. The seller of the property is Green Barn Inc. The transaction was facilitated by James Abbott, Laura Hunt, and Jim Ebanks from Realty Advisory Group, who represented their respective clients in the deal.

Players

James (Jim) Abbott
2 deals$69.4M volume
BROKER

Jim Ebanks
1 deal$28.4M volume(818) 203-1788
BROKER

Lauren Hunt
1 deal$28.4M volume(805) 405-3312
BROKER

BUYER

Details

SOLD
IMAGE: IMAGE: James Abbott, Laura Hunt & Jim Ebanks DATE: 08/06/2020 ADDRESS: 24903 Avenue Kearny MARKET: Santa Clarita ASSET TYPE: Industrial BUYER: Dedeaux Properties & Stockbridge Capital Group SELLER: Green Barn Inc. BROKERS: James Abbott, Laura Hunt & Jim Ebanks – Realty Advisory Group PRICE: $28,400,000 SF: 214,400 PPSF: $132

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$100,899.20
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