Valencia Corporate Plaza 28470 & 28490 Avenue Stanford
Valencia, CA 91355

Valencia Corporate Plaza
  • $39,700,000

    Asking Price

  • Office

    Property Type

  • 144,036

    Square Feet

  • 90%

    Occupancy

  • 5.04 Years

    WALT

  • 6.75%

    Cap Rate

Offering Summary

Address

  • 28470 & 28490 Avenue Stanford
    Valencia, CA 91355

Pricing

  • Asking Price$39,700,000
  • Price PSF$276
  • WALT5.04 Years
  • Cap Rate6.75%
  • NOI$2,681,409
  • Rents Below Market4.30%

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet144,036
  • Occupancy90%
  • Year Built1999
  • Building(s)2
  • Stories3
  • Parking Ratio4.00/1,000
  • Acres12.80
  • TenancyMultiple

Address

  • 28470 & 28490 Avenue Stanford
    CA 91355

Pricing

  • Asking Price$39,700,000
  • Price PSF$276
  • WALT5.04 Years
  • Cap Rate6.75%
  • NOI$2,681,409
  • Rents Below Market4.30%

Details

  • Property TypeOffice
  • Listing StatusOn Market
  • Square Feet144,036
  • Occupancy90%
  • Year Built1999
  • Building(s)2
  • Stories3
  • Parking Ratio4.00/1,000
  • Acres12.80
  • TenancyMultiple

Description

Newmark is pleased to present the opportunity to acquire a fee-simple interest in Valencia Corporate Plaza, a two-building, 144,036-square-foot Class A office campus located adjacent to the I-5 Freeway in the affluent community of Valencia, California. Built in 1999, Valencia Corporate Plaza offers tenants a high quality, campus-style office environment that features timeless architecture and with updated modern finishes.

Anchored by Los Angeles County (S&P: AA+), which represents 51% of the existing tenant roster, Valencia Corporate Plaza provides an investor the opportunity to acquire a high-quality asset with investment grade credit. Los Angeles County has demonstrated their long term commitment to the Property with their recent lease extension that goes through 2028.

Valencia is an intelligently balanced, master-planned community that has developed over the last 50 years. Originally a 143,000-acre ranch owned by the Newhall family, Valencia has become the largest master-planned development in Los Angeles County and viewed as one of the most business friendly communities in all of Los Angeles.

Deal Team

Sean Fulp

Sean Fulp

Executive Managing Director

310-407-6596 sean.fulp@nmrk.com

CA RE Lic. #01389064

Ryan Plummer

Ryan Plummer

Managing Director

310-407-6570 ryan.plummer@nmrk.com

CA RE Lic. #01765854

Laura  Stumm

Laura Stumm

Senior Managing Director

310-491-2020 laura.stumm@nmrk.com

CA RE Lic. #01914207

Kevin Shannon

Kevin Shannon

Co-Head, U.S. Capital Markets

310-491-2005 kevin.shannon@nmrk.com

CA RE Lic. #00836549