facebook

traded

+ Submit
Home

/

Deals

/

California

/

Industrial

/

Sale

/

26235 Technology Drive, Val...

Daniel Emrani Acquires Industrial Property In Santa Clarita Valley From Owen Frost For $37M
SOLDIndustrial

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

Frank Lahijani

Global Commercial Real Estate

Broker

$93.8M

vol

8 deals

Broker

Daniel Emrani

Buyer

$69.6M

vol

4 deals

Buyer

Valencia Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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