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Covington Group Acquires Industrial Property In Santa Clarita For $109.7M

Property Image
SOLD
$109,700,000
Doug Sonderegger
Craig Peters

California

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Industrial1,000,000 SF
Sold 12/22/2021
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Property Image
SOLD

Covington Group Acquires Industrial Property In Santa Clarita For $109.7M

25530 Springbrook Avenue, Santa Clarita, CA 91350

See Similar Deals
Industrial1,000,000 SF
Sold 12/22/2021
Doug Sonderegger
Craig Peters
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$109
Total Square Footage:1,000,000 SF
Transaction Type:Sale

The industrial property located at 25530-25765 Springbrook Avenue in Santa Clarita has been sold. The property spans an area of 69.5 acres. The transaction took place on December 22, 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Sale Price: $109,700,000
  • Square Footage: 1,000,000
  • Price per Square Foot: $109
  • Address: 25530-25765 Springbrook Avenue, Santa Clarita
  • Market: Santa Clarita

The buyer of the property is Covington Group, represented by Ken Sheer. TMC Properties acted as the seller in this transaction. The deal was facilitated by Craig Peters and Doug Sonderegger of CBRE.

Players

Craig Peters
CBRE
Craig Peters
6 deals$173.8M volume
BROKER
Doug Sonderegger
CBRE
Doug Sonderegger
2 deals$109.7M volume
BROKER

Details

SOLD
IMAGE: Craig Peters & Doug Sonderegger DATE: 12/22/2021 ADDRESS: 25530-25765 Springbrook Avenue MARKET: Santa Clarita ASSET TYPE: Industrial ~ ACRES: 69.5 BUYER: Covington Group - Ken Sheer SELLER: TMC Properties BROKERS: Craig Peters & Doug Sonderegger - CBRE SALE PRICE: $109,700,000 SF: 1,000,000 ~ PPSF: $109

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