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Wednesday, Sep 27, 2023

Equipment Maker Buys Valencia Building for $4.7 Million

A 21,164-square-foot industrial building in the Valencia Business Center has sold to Versatile Systems, which makes roof safety equipment.The building at 28258 Ave. Stanford in Valencia sold for $4.7 million, or $197 per square foot, according to CoStar data. Built in 1987, the complex features 17-foot clearance height and 6,804 square feet of office space.CBRE’s Craig Peters and Sam Glendon represented the seller, 28258 Avenue Stanford LLC while Patrick Reddy of Lee & Associates negotiated on behalf of Versatile Systems.“Buyer interest has remained healthy through the COVID-19 pandemic,” said Peters in a statement. “We continue to see tremendous interest in Valencia.”

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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