Private Investor Acquires Multi-Tenant Industrial Parks In Glendale & Sun Valley For $30.6M

Two fully occupied multi-tenant industrial parks in the San Fernando Valley, located in Glendale and Sun Valley, were acquired by a private investor for $30.6 million. The properties offer potential for value addition through future lease-ups due to below-market rents, allowing the buyer to establish a presence in a market with limited inventory and strong fundamentals.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $30,610,000
• Square Footage: 144,630
• Price per Square Foot: $212
• Address: 820 Thompson Avenue & 7764-7766 San Fernando Road
• Market: Glendale & Sun Valley
• Acres: 4.8

Kidder Mathews' Kelly Betpolice represented the buyer in the transaction, facilitating the acquisition of the two industrial parks in Glendale and Sun Valley. The deal presents an opportunity for the buyer to capitalize on the potential for increased value through future lease-ups, leveraging the properties' strategic locations and the market's strong fundamentals.