Santa Clarita, CA
Sale Price: $8,500,000
Ron Feder is pleased to report the sale of Valencia AutoPlex to a private client, who purchased the property to complete a 1031 Tax Deferred Exchange. The three building complex located at 23500, 23510 and 23520 Valencia Blvd., Santa Clarita totaled 20,459 square feet on 1.81 acres of land. The project was built in 1996 and was 100% occupied at the close of Escrow. The sale price was $8.5 million which equated to a 6.8% cap on existing income.