Business park sold in San Fernando Valley

More than two-dozen buildings included

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The LA North/Ventura office of Lee & Associates has negotiated the sale of a 72,000-square-foot office and industrial park in Canoga Park, Calif. The value of the transaction was $14.6 million. Warner Business Park East, located at 21120 Vanowen St., consists of more than 25 units built in 1971. At the time of sale, the property was 98 percent leased to such tenants as Parker Brown Construction, Emblem Enterprises and G-Tech Corp. Kids from the Valley VII LLC purchased the property from 21120 Vanowen Associates LLC. Founded in 1979, Lee & Associates is one of the largest national commercial real estate providers in the United States. ...