The off-market sale of two fully-leased single-tenant industrial properties in Santa Clarita Valley has been brokered by Colliers. The properties, located at 27712 & 27756 Avenue Mentry, have been acquired by Rexford Industrial for a price of $38 million. With a total of 9.1 acres, the properties offer a combined square footage of 220,753. This translates to a price per square foot of $172, showcasing the value of the transaction.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $38,000,000
• Address: 27712 & 27756 Avenue Mentry
• Market: Santa Clarita
• Square Footage: 220,753

The deal involved several key individuals from Colliers, namely Matt Dierckman, David Harding, Greg Geraci, and Billy Walk. Acting as brokers in the transaction, they facilitated the sale of the properties to Rexford Industrial. This acquisition not only provides long-term cash flow but also opens up future potential for the company. Additionally, Rexford Industrial also acquired three adjacent properties, further expanding their portfolio in the Santa Clarita Valley.