Lee & Associates Closes $6 Million Office Building Transaction in Valencia

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Darren Casamassima, Principal, Lee & Associates-LA North/Ventura, represented the A. Golden Enterprises in the Sale

LOS ANGELES - Rezul -- Lee & Associates-LA North/ Ventura, a leading commercial real estate brokerage firm, has negotiated the sale of a two-story office building located in Valencia, California. Located at 25050 Avenue Kearny, the 23,817 square-foot building sold for $6 million. Darren Casamassima, Principal, Lee & associates-LA North/Ventura, represented buyer A. Golden Enterprises while Spectrum Commercial Real Estate Inc. represented the seller, Rebel Professional Center for the transaction.

"We locked into this property very early in the search," said Darren Casamassima. "The buyer was in a 1031 exchange and wanted a high occupancy building with stabilized cash flow."

The building offers office small suites in a prime location at Interstate 5 & Valencia Blvd. with close proximity to amenities and retail. The building is located in Valencia Industrial Center and is near Santa Clarita's main commercial thoroughfare. It is within minutes of Henry Mayo Hospital and Town Center. This complex building offers ample parking and accommodates a wide variety of large and small office uses.

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"There is a high demand for smaller space in this market. Santa Clarita Valley is emerging as a premier location for film and television," adds Casamassima. "An investment in this location is ideal for those poised for growth. With Santa Clarita's tax credits, entertainment companies, the abundance of sound stages, and studios such as Disney, the area has become the secondary studio market for Hollywood."


About Lee & Associates Investment Services Group, Inc.

Celebrating 40 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada. With more than 900 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Lee & Associates-LA North/Ventura, Inc. provides industrial, office, retail, and multifamily/investment and development land brokerage services across the San Fernando Valley, Conejo Valley, Antelope Valley, and throughout Ventura County. For more information, visit https://www.lee-associates.com/ .

Source: The Hoyt Organization
Filed Under: Real Estate

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