Daniel Emrani Acquires Industrial Property In Santa Clarita Valley From Owen Frost For $37M
26235 Technology Drive, Valencia, California 91355, United States
$37,000,000
$242/SF
Building Size
152,658 SF
Asset Type
Industrial
Closing
Jun 15, 2022
AI
The industrial property located at 26235-26245 Technology Dr. in the Santa Clarita Valley has been sold for a price of $37,000,000. The property spans approximately 152,658 square feet, resulting in a price per square foot of $242.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $37,000,000
- Address: 26235-26245 Technology Dr.
- Market: Santa Clarita Valley
- Seller: Owen Frost
- Buyer: Daniel Emrani
Represented by Frank Lahijani, Vee Sookiasian, and Aliya Lahijani from Global Commercial Real Estate, the buyer, Daniel Emrani, successfully acquired the property from seller Owen Frost. On the other hand, Gullu Singh from Landmark Law Group Inc. represented the seller.
Players
Valencia 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93