Santa Clarita, CA – April 13, 2022 – Senior Vice President Andrew Ghassemi and Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of a Multi-Tenant Industrial building located in Santa Clarita, California.
This was an all cash, 1031 exchange transaction with Spectrum CRE™ representing the Buyer.
Built in 2002, this 16,744 square foot industrial building is located at 26858 Ruether Ave, in the city of Santa Clarita, CA. Sitting on an approximately 46,609 square foot parcel, this property features nine industrial/automotive units.
“The speed of this transaction demonstrates our market advantage, by utilizing our proprietary system and local relationships to execute timely requirements. This property has never been on the market, as it was originally constructed by the Seller’s family. A perfect example of what seasoned investors look for.”, said Andrew Ghassemi.
Santa Clarita is one of the fastest growing cities in the country. Located at the northern edge of the L.A. metro area within the Thirty Mile Zone – making this an attractive submarket to film and entertainment studios looking beyond Hollywood and Burbank, CA. In 2021 the Santa Clarita Valley Submarket recorded its highest volume of industrial property sales, according to CoStar.
This Industrial building sold for $3,695,000.00.
Call brokers for more information.