SYLMAR, CA, May 23, 2011. – Colliers International, the second largest global real estate services organization, recently completed two industrial deals in Sylmar, Calif. Brent Weirick, senior vice president based in Colliers International’s Encino office, handled both deals.
The first industrial sale was a 10,800-square-feet property located at 12300 Gladstone Avenue (top left photo) with the transaction value equaling $1.25M or $115.74 per square foot. This property was built in 1967 and offers high clearance, excess land component, located within the enterprise zone with dock high and grade level loading along with a fenced yard. Weirick represented the seller in this transaction.
The other industrial sale was purchased by the Seller of the Gladstone property as the upleg to their 1031 exchange. This building is a 34,650-square-feet facility located at 12950 Bradley Avenue (lower right photo). The transaction valued at $2.863M or $82.63 per square foot. Built in 1970, the property offers grade level and dock high loading with a lot size of 57,765 square feet. Weirick represented the buyer.
Buyer and seller information remains confidential for both transactions.
“The property at 12300 Gladstone Avenue was sold quickly within only three months of listing the property,” said Weirick.
Contact:
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
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