facebook
Traded Co logo
Submit
Daily limit: 0/10

James Franklin & Inés Franklin Acquire Industrial Property In Valencia For $13.58M

Property Image
SOLD
$13,580,000

California

See Similar Deals
Industrial60,500 SF
Sold 05/09/2025
the dealplayerscompscontact
Property Image
SOLD

James Franklin & Inés Franklin Acquire Industrial Property In Valencia For $13.58M

28230 Constellation Rd

See Similar Deals
Industrial60,500 SF
Sold 05/09/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$224
Total Square Footage:60,500 SF
Transaction Type:Sale

This industrial property, located at 28212-28230 Constellation Road in Valencia, sold for $13,580,000. The asset covers an area of 60,500 square feet, translating to a price per square foot of $224. The property includes 23,000 square feet of vacant space, with the remainder leased to SCP Pool and Scooter’s Jungle.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,580,000
  • Address: 28212-28230 Constellation Road
  • Market: Valencia
  • Square Footage: 60,500
  • Price Per Square Foot: $224
  • Buyer: James Franklin & Inés Franklin - Watercress Holdings
  • Seller: 28230 Constellation LLC
  • Broker: Sam Glendon - CBRE

Watercress Holdings has plans for major renovations, including a full remodel of the vacant space. Sam Glendon, representing the seller, facilitated the transaction through CBRE.

Players

Sam Glendon
CBRE
Sam Glendon
8 deals$56.8M volume
BROKER

Details

SOLD
IMAGE: James Franklin, Inés Franklin & Sam Glendon DATE: 05/09/2025 ADDRESS: 28212-28230 Constellation Road MARKET: Valencia ASSET TYPE: Industrial BUYER: James Franklin & Inés Franklin - Watercress Holdings SELLER: 28230 Constellation LLC BROKER: Sam Glendon - CBRE (@CBRE) SALE PRICE: $13,580,000 SF: 60,500 ~ PPSF: $224 NOTE: Watercress Holdings acquired a 60.5k sf industrial property at 28212-28230 Constellation Rd in Valencia for $13.58M ($224/sf), with 23k sf vacant and the rest leased to SCP Pool and Scooter’s Jungle. CBRE’s Sam Glendon represented the seller, 28230 Constellation LLC; Watercress plans major renovations including a full remodel of the vacant space.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$724,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,246.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,376.13
Annual Debt Service$772,513.54