Closed: Valencia Tech Park sells for $37M at a 3.5% cap
In June 2022 Global CRE represented the seller of Valencia Tech Park, 155,924 SF fully leased, which sold for $37,000,000 at a 3.5% cap rate.
The transaction
In June 2022, Global CRE represented the seller of Valencia Tech Park, 155,924 SF of warehouse space at 26235-26245 Technology Dr in Valencia, which sold for $37,000,000, about $237 per SF. The property was 100% leased and traded at a 3.5% cap rate. The 1988 buildings sit on 6.76 acres.
- Closed: June 2022.
- Seller representation: Global CRE.
- Buyer: DE Tech Holdings LLC.
- Cap rate: 3.5% on a fully leased rent roll.
- Site: 6.76 acres in the Santa Clarita Valley submarket.
Why it matters
A sub-4% cap rate on a stabilized industrial asset reflects how aggressively investors priced Southern California industrial income at the time. It is a useful benchmark for owners weighing a sale against holding for rent growth.
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