Exan Capital Acquires Palmdale Industrial Property For $59.7M

An industrial property located at 600 West Technology Drive in Palmdale has been sold in a recent transaction. The property spans a total area of 130,392 square feet and is situated in the Palmdale market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $59,700,000
• Address: 600 West Technology Drive
• Market: Palmdale

The buyer of the property is Exan Capital, while the seller is Greenlaw Partners. The deal was facilitated by the following brokers from Cushman & Wakefield: Mike Adey, Jeff Chiate, Jeffrey Cole, Ed Hernandez, Brad Brandenburg, and Matt Leupold.

The sale price for the transaction amounted to $59,700,000, equivalent to a price per square foot of $457. This successful deal showcases the collaborative efforts of the involved parties, further affirming the robust nature of the industrial property market.