• $39,700,000

    Asking Price

  • Los Angeles County (51%)

    Tenant(s)

  • 90%

    Occupancy

  • 5.04 Years

    WALT

  • Office

    Property Type

  • 144,036

    Square Feet

$39,700,000

Asking Price

Los Angeles County (51%)

Tenant(s)

90%

Occupancy

5.04 Years

WALT

Office

Property Type

144,036

Square Feet

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 Market4.3%

Details

  • Property TypeOffice
  • Property StatusOffers Due
  • Call for Offers07/29/2021
  • Square Feet144,036
  • Occupancy90%
  • Year Built1999
  • Building ClassA
  • Building(s)2
  • Stories3
  • Parking Ratio4.00/1,000
  • Acres12.80
  • TenancyMulti
  • Tenant(s)Los Angeles County (51%)

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 Market4.3%

Details

  • Property TypeOffice
  • Property StatusOffers Due
  • Call for Offers07/29/2021
  • Square Feet144,036
  • Occupancy90%
  • Year Built1999
  • Building ClassA
  • Building(s)2
  • Stories3
  • Parking Ratio4.00/1,000
  • Acres12.80
  • TenancyMulti
  • Tenant(s)Los Angeles County (51%)
Read Less...
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.
Read More...

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

Portrait of Sean Fulp

Sean Fulp

Executive Managing Director

CA RE Lic. #01389064

Portrait of Ryan Plummer

Ryan Plummer

Managing Director

CA RE Lic. #01765854

Portrait of Laura Stumm

Laura Stumm

Senior Managing Director

CA RE Lic. #01914207

Portrait of Kevin Shannon

Kevin Shannon

Co-Head, U.S. Capital Markets

CA RE Lic. #00836549