Grubb & Ellis negotiated the purchase of Valencia Park Executive Center, a 66,584-square-foot office property in Valencia, Calif.
The value of the transaction was $11.7 million.
The Koll Co., a Newport Beach-based private real estate investment company, bought the asset from Larkspur, Calif.-based Fowler Property Acquisitions.
The property, which is located at 25115 Avenue Stanford in the Valencia Gateway section of the Santa Clarita Valley, is comprised of one three-story building and one two-story building. The property was 70 percent leased at the time of sale.
Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!