Ratner Property Acquires Industrial Property In Northridge For $17.5M

Located in Northridge, the industrial property at 8600-8626 Wilbur recently changed ownership in a closed transaction. The sale, which occurred on December 30, 2021, involved a total area of approximately 86,765 square feet. The property was sold by Will Parthenia to the buyer, Ratner Property, for a sale price of $17,500,000. This equates to a price per square foot of $201.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $17,500,000
• Address: 8600-8626 Wilbur
• Market: Northridge

The deal was facilitated by brokers Mike Hooker and Jeff Puffer of Delphi, who represented their respective clients, Ratner Property and Will Parthenia, in the transaction. Their expertise and negotiation skills played an essential role in the successful completion of the sale.