Representing the buyer and seller in the transaction of 24907 Anza Drive, totaling 23,580 square feet, Colliers negotiated a total sale consideration of $5,200,000. Additionally, representing both parties, Colliers negotiated a $1,900,000 sale of the 6,766 square-foot space at 28307 Constellation Drive. The 5,244 square-foot property located at 28308 Constellation Drive reached a total sale consideration of $1,557,500, wherein Colliers represented the seller.
“The Santa Clarita industrial market has emerged as one of the strongest in Southern California due to the strong demand for space combined with limited availability,” said Matt Dierckman. “The year-to-date total gross activity is 1.4 million square feet, and as a result, the vacancy rate is 0.6%, and the availability rate is 1.0%. A strong labor pool, great local amenities, ample housing, newer, more functional industrial product, and zero business or utility taxes have led Santa Clarita to be rated one of the best cities in the Los Angeles region for business. In response to the high demand, approximately 450,000 square feet of industrial buildings are currently under construction.”
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