The project was delivered vacant at the time of the sale. The new owner, Triscenic Production Services, a company that provides transportation and storage to the entertainment industry will occupy the building as part of an expansion in addition to their Sylmar location. The freestanding 44,548 square foot warehouse is in an excellent location at the comers Avenue Stanford and Hopkins in Valencia Industrial Center at 25158 Avenue Stanford.
Chris Jackson, Executive Vice President/branch manager and Todd Lorber, senior vice president with NAI Capital jointly represented Mr. Acker in the sale. “We selected Mr. Jackson of NAI Capital to list our building because of his local expert knowledge, professionalism and honesty. He and his partner really understood our goal and strategy on this disposition. They exceeded our expectations,” Acker stated.
“We had tremendous interest after putting the property on the market, it was under contract with a qualified buyer within weeks. There is a tremendous demand from users seeking to purchase industrial space currently. The sale price highlights desirability of this product type with owner/occupiers of industrial space looking to locate in this area,” said Mr. Lorber. Valencia Industrial Center is a 1,100 acre business park that includes approximately 11.0M square feet of space for industrial, office, and retail uses. Mr. Jackson added, “The property is centrally located just a couple of minutes to the 5 Freeway within the Valencia Industrial Center which makes it the ideal location for a warehouse/distribution facility. The new owner will be thrilled with their new location. It is a great building.”
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California member of NAI Global, a premier real estate service network in 55 countries with 375 local offices and 6,700 local market leaders spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.
NAI Capital Brokerage CA BRE #00806840.
To learn more, visit www.naicapital.com
Director of Research and Public Relations
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