VFE Acquires Office Building In Santa Clarita For $48.9M

A 195,000 square foot office property located at 28490 Avenue Stanford in Santa Clarita has been sold for $48,930,000. The sale was completed on 01/20/2023. The property was bought by VFE from the seller True North Real Estate Fund III. The transaction was facilitated by Cesar Gonzalez from Equity Union Commercial, representing the buyer, and Richard Ramirez from CBRE, representing the seller.

Summary of transaction details

• Property Type: Office
• Sale Price: $48,930,000
• Square Footage: 195,000
• Price per Square Foot: $251
• Address: 28490 Avenue Stanford, Santa Clarita
• Market: Santa Clarita

Cesar Gonzalez from Equity Union Commercial acted as the buyer's representative in the deal, while Richard Ramirez from CBRE represented the seller. This successful transaction highlights the active real estate market in Santa Clarita, with VFE acquiring the office property from True North Real Estate Fund III.