Summit at Valencia 2 Office Properties in Valencia, CA
INVESTMENT HIGHLIGHTS
- 6.1 Acre, Fully Approved Industrial Development Opportunity.
- Immediate Development Opportunity for a 115k SF, 42’ Clear, Class A Industrial Building.
- Strategic Infill Location Adjacent to I-5/SR-126 Fwy Interchange, Neighboring FivePoint Valencia - a New Master-Planned Community on 15,000 Acres.
- Fully Approved Site Plan.
- Two Existing Office Buildings Totaling 118,949 SF with an Immediate Path to Develop.
EXECUTIVE SUMMARY
CBRE, Inc., as exclusive advisor, is pleased to announce 27202 & 27220 Turnberry Lane (the “Property” or “Site”), a 115,160-square-foot, fully-approved, Class-A industrial development opportunity on 6.06 acres in the Santa Clarita Valley (“SCV”) - one of the safest areas in Los Angeles County. The Site is strategically located adjacent to the I-5/SR-126 freeway interchange with I-5 freeway frontage.
The Property currently includes two office buildings, totaling 118,949 SF, that can be delivered fully vacant. The current owner has finalized site plan approvals allowing for development to commence immediately.
The Santa Clarita Valley is one of the tightest industrial markets in the country, with very few development opportunities. SCV has recorded a sub-2% vacancy for 13 consecutive quarters and has averaged 22% annual rent growth over the last 5 years. In Q2 2024, SCV posted the second lowest vacancy rate (1.4%) out of all LA submarkets, and positive net absorption.
The Property currently includes two office buildings, totaling 118,949 SF, that can be delivered fully vacant. The current owner has finalized site plan approvals allowing for development to commence immediately.
The Santa Clarita Valley is one of the tightest industrial markets in the country, with very few development opportunities. SCV has recorded a sub-2% vacancy for 13 consecutive quarters and has averaged 22% annual rent growth over the last 5 years. In Q2 2024, SCV posted the second lowest vacancy rate (1.4%) out of all LA submarkets, and positive net absorption.
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 119,451 SF |
| Total Land Area | 6.06 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Bldg 2
27220 W Turnberry Ln, Valencia, CA 91355 |
Office | 59,723 SF | 1999 | - |
|
Bldg 1
27202 W Turnberry Ln, Valencia, CA 91355 |
Office | 59,728 SF | 1999 | - |
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