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28212 Constellation Rd

James Franklin Of Watercress Holdings LLC Acquires Industrial Property In Valencia For $13.58M
SOLDIndustrial

James Franklin Of Watercress Holdings LLC Acquires Industrial Property In Valencia For $13.58M

28212 Constellation Rd

$13,576,536

$224/SF

Building Size

60,474 SF

Asset Type

Industrial

Closing

Apr 17, 2025

AI

The property involved in the transaction is an industrial asset located at 28212-28230 Constellation Road in Valencia, CA. The sale price of the asset was $13,576,536, with a total square footage of 60,474, resulting in a price per square foot of $224.

Summary of transaction details:

James Franklin represented Watercress Holdings LLC as the buyer, while Larame Greene was the seller of the property. The deal was facilitated by broker Sam Glendon from CBRE, ensuring the transaction process was completed efficiently.

Players

Sam Glendon

CBRE

Broker

$56.8M

vol

8 deals

Broker

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

1.17%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93