A Golden Enterprises Acquires Office Building In Valencia For $6M
25050 Avenue Kearny, Valencia, Santa Clarita, CA, USA
$6,000,000
$251/SF
Building Size
23,817 SF
Asset Type
Office
Closing
Mar 19, 2021
AI
The office property located at 25050 Avenue Kearny in Valencia has been sold in a recent transaction. The property, which spans 23,817 square feet, was purchased by A Golden Enterprises for a total price of $6,000,000. The sale price per square foot equates to $252. The seller in this transaction was Rebel Professional Center.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,000,000
- Address: 25050 Avenue Kearny, Valencia
- Square Footage: 23,817
- Buyer: A Golden Enterprises
- Seller: Rebel Professional Center
- Buyer's Representative: Darren Casamassima - Lee & Associates
- Seller's Representative: Spectrum Commercial Real Estate Inc.
Darren Casamassima from Lee & Associates represented A Golden Enterprises as their buyer's representative in this transaction. On the other side, Spectrum Commercial Real Estate Inc. acted as the seller's representative. This successful deal represents a significant investment in the Valencia office market by A Golden Enterprises.
Valencia Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93