James Franklin Of Watercress Holdings LLC Acquires Industrial Property In Valencia For $13.58M
SOLD
$13,576,536
California
See Similar DealsIndustrial60,474 SF
Sold 04/17/2025
SOLD
James Franklin Of Watercress Holdings LLC Acquires Industrial Property In Valencia For $13.58M
28212 Constellation Rd
See Similar DealsIndustrial60,474 SF
Sold 04/17/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$224
Total Square Footage:60,474 SF
Transaction Type:Sale
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:
- Property Type: Industrial
- Transaction Amount: $13,576,536
- Address: 28212-28230 Constellation Road
- Market: Valencia, CA
- Square Footage: 60,474
- Price per Square Foot: $224
- Buyer: James Franklin, Watercress Holdings LLC
- Seller: Larame Greene
- Broker: Sam Glendon - CBRE
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$724,081.91
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,234.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,359.71
Annual Debt Service$772,316.48
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