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Monday, Aug 15, 2022
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Valencia Warehouse Sells for $9 Million

An industrial building in Valencia has sold for $9 million, or $151 per square foot. The 59,600-square-foot warehouse, built in 1995, is located at 28209 Avenue Stanford. Comparable recent sales include the 75,000-square-foot 28525 Witherspoon Parkway in Santa Clarita, which sold in August for $10.9 million, or $146 a square foot; the 48,275-square-foot 9621-9631 Irondale Ave. in Santa Clarita, which sold in July for $11.5 million, or $238 per square foot; and a 40,000-square foot Santa Clarita warehouse in Valencia Commerce Center at 28575 W. Livingston Ave., which sold in July for $7.1 million, or $178 per square foot. Van Nuys-based Delphi Business Properties’ David Hoffberg and Jerry Scullin represented both seller Ronan Engineering Co. and the buyer, which CoStar data identified as Avenue Stanford Holdings LLC of Glendale.

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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