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29011 Commerce Center Drive...

Greenlaw Partners Acquires Industrial Property In Valencia For $41.5M
SOLDIndustrial

Greenlaw Partners Acquires Industrial Property In Valencia For $41.5M

29011 Commerce Center Drive, Valencia, California 91355, United States

$41,500,000

$251/SF

Building Size

165,000 SF

Asset Type

Industrial

Closing

Apr 5, 2022

AI

The industrial property located at 29011 Commerce Center Drive in Valencia has been sold in a recent transaction. The property spans 165,000 square feet and is situated in the Valencia market. The sale price for this asset was $41,500,000, resulting in a price per square foot of $251. The transaction took place on April 6, 2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $41,500,000
  • Address: 29011 Commerce Center Drive
  • Market: Valencia

The buyer in this transaction was Greenlaw Partners represented by Wilbur Smith III. The seller was The Moulton Company. Wilbur Smith III served as the representative for Greenlaw Partners in this deal.

Players

Wilbur Smith III

Greenlaw Partners

Buyer

$183.2M

vol

7 deals

Buyer

Stevenson Ranch 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

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93