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:
- 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.
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
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93