Abound Aerospace Acquires Industrial Property In Valencia For $10.5M
24908 Ave Kearny Santa Clarita, CA 91355, USA
$10,538,790
$282/SF
Building Size
37,294 SF
Asset Type
Industrial
Closing
Jul 19, 2023
AI
The industrial property located at 24908 Avenue Kearny in Valencia has been sold. The property spans 37,294 square feet and was sold for a price of $10,538,790, resulting in a price per square foot of $283. The transaction took place between the buyer, Abound Aerospace, and the seller, Cynthia Carrillo.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,538,790
- Square Footage: 37,294
- Price Per Square Foot: $283
- Address: 24908 Avenue Kearny, Valencia
- Market: Valencia
Abound Aerospace acquired the property from Cynthia Carrillo. Bart Reinhard, representing JLL, facilitated the transaction on behalf of Abound Aerospace. On the seller's side, Sam Glendon and Craig Peters from CBRE acted as the representatives for Cynthia Carrillo.
Players
Los Angeles 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93