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

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.