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24908 Ave Kearny Santa Clar...

Abound Aerospace Acquires Industrial Property In Valencia For $10.5M
SOLDIndustrial

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

Craig Peters

CBRE

Broker

$173.8M

vol

6 deals

Broker

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