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Covington Group Acquires Industrial Property In Santa Clarita For $109.7M

25530-25765 Springbrook Avenue
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This Industrial property located in CA was sold for $109,700,000 over 2 years ago. The brokers of the deal were Doug Sonderegger and Craig Peters

The industrial property located at 25530-25765 Springbrook Avenue in Santa Clarita has been sold. The property spans an area of 69.5 acres. The transaction took place on December 22, 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Sale Price: $109,700,000
  • Square Footage: 1,000,000
  • Price per Square Foot: $109
  • Address: 25530-25765 Springbrook Avenue, Santa Clarita
  • Market: Santa Clarita

The buyer of the property is Covington Group, represented by Ken Sheer. TMC Properties acted as the seller in this transaction. The deal was facilitated by Craig Peters and Doug Sonderegger of CBRE.

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Deals
  • Location
    25530 Springbrook Avenue, Santa Clarita, CA 9135025530 Springbrook Avenue, Santa Clarita, CA 91350
  • Sale Price
    $109,700,000$109,700,000
    $109 PPSF$109 PPSF
  • Area
    1,000,000 SF1,000,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Doug Sonderegger

Doug Sonderegger

Deals2
Sold$109.7M

Craig Peters

Craig Peters

Deals6
Sold$173.8M

Agency

CBRE

CBRE

Agency
Deals4228
Volume$184.3B

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Deal Summary

SALE IMAGE: Craig Peters & Doug Sonderegger DATE: 12/22/2021 ADDRESS: 25530-25765 Springbrook Avenue MARKET: Santa Clarita ASSET TYPE: Industrial ~ ACRES: 69.5 BUYER: Covington Group - Ken Sheer SELLER: TMC Properties BROKERS: Craig Peters & Doug Sonderegger - CBRE SALE PRICE: $109,700,000 SF: 1,000,000 ~ PPSF: $109

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25530-25765 Springbrook Avenue

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