Fortress Acquires Industrial Property In San Fernando Valley From Richard Raczuk For $9.25M

A industrial property located at 7886 Deering Ave. in San Fernando Valley has been sold in a recent transaction. The property spans 35,000 square feet and sits on 1.64 acres of land. The sale price for the property was $9,250,000, resulting in a price per square foot of $264.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,250,000
• Address: 7886 Deering Ave.
• Market: San Fernando Valley
• Size: 35,000 square feet
• Price per Square Foot: $264
• Acres: 1.64

The buyer in this transaction was Fortress, while the seller was Richard Raczuk. The deal was facilitated by Roy Harel and Jonathan Lee of Nublock Partners, along with David Hoffberg of Delphi.