27202 Turnberry LnValencia, CA 91355

Property Details for 27202 Turnberry Ln

Year built

1999

Construction

TILT-UP CONCRETE

Lot size

3.13 AC

Property size (Sq ft)

62,400 SF

Zone code

LCA25*

Property type

Office properties

Property subtype

Office buildings

APN

2866-036-025

APU

2866036025

Description

This exceptional 6.06-acre industrial redevelopment opportunity in Valencia, Los Angeles County, CA, presents a unique investment prospect. The property, located at 27202 & 27220 Turnberry Lane, boasts 118,949 square feet of existing space across two two-story buildings, currently at 25% occupancy. The site is zoned M-1.5 and features finalized site plan approvals, allowing for immediate development commencement. Strategically positioned adjacent to the I-5/SR-126 freeway interchange with I-5 frontage, this location offers unparalleled access to major transportation arteries. The Santa Clarita Valley's robust industrial market, characterized by a sub-2% vacancy rate for 13 consecutive quarters and 22% average annual rent growth over the past five years, makes this a highly desirable investment. The area's strong demographics, including a high percentage of college-educated residents and a high median household income, further enhance the property's appeal. The existing buildings can be delivered fully vacant. This presents a rare chance to capitalize on the limited supply of available industrial space in a thriving market with significant growth potential. The APN is 2866-036-025

• CAP approach

  CAP return

  Valuation

  6%

  $17,280,266

  6.5%

  $15,951,014

  7%

  $14,811,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,865,984

  Geo Method

  $11,865,984

• Alternative Use

  Use

  Valuation

  Residential

  $19,779,258

  Hospitality

  $18,117,694

  Educational

  $15,073,708

  Medical

  $15,592,116

  Retail

  $23,447,990

Location Insight

City

Valencia

County

Los Angeles

State

California

Latitude

34.4437

Longitude

-118.61

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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