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27963 Franklin Pkwy, Valencia, CA 91355
Light industrial facility with office space, loading, and specialized cleanroom areas.
Property Size38,362 SF
Price / SF$284
Days on Market11
Property Features for 27963 Franklin Pkwy
General Information
Standard status
Active
Size
38,362 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Office Build-Out
8,700 SF
Power
1,200 amps
Voltage
480 V
Building Details
Buildings
1
Building Size
38,362 SF
Listing Agency:
CBRE
(818) 907-4616
Listed By:
Craig Peters · License #00906542
(818) 907-4616
Source:
Moodyscre
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 22 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
The 38,362 SF light industrial building combines approximately 8,700 SF of finished two-story office space with warehouse areas. The facility includes large Class 6 and Class 8 cleanrooms, providing specialized space within the broader industrial configuration.
Warehouse operations are supported by a 24' minimum clear height, 1,200 amps of 277/480-volt power, dock-high and ground-level loading, space heaters, and evaporative cooling. The property is located at 27963 Franklin Pkwy in Valencia, California.
Warehouse operations are supported by a 24' minimum clear height, 1,200 amps of 277/480-volt power, dock-high and ground-level loading, space heaters, and evaporative cooling. The property is located at 27963 Franklin Pkwy in Valencia, California.
Key Highlights
- 38,362 SF light industrial building
- Approximately 8,700 SF of finished two‑story office space
- Large Class 6 and Class 8 cleanrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$838,563
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,771,260
$16.8M
Cap Rate 7%
$11,979,471
$12.0M
Cap Rate 9%
$9,317,367
$9.3M
Market Conditions
NOI Build-Up for 38,362 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.47M $38.40/SF
− Vacancy
−$355.0K −$9.25/SF
EGI
$1.12M $29.15/SF
− OpEx
−$279.5K −$7.29/SF
NOI
$838.6K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,771,260
Cap Rate 7%
$11,979,471
Cap Rate 9%
$9,317,367
Alternative Uses
Best Use
Office B
$11.98M
$10.48M – $13.98M
NOI $838,563 @ 7.0% cap · market cap 7.67%
Second Best
Warehouse
$7.13M
$6.24M – $8.32M
NOI $499,164 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$20.54M
$17.97M – $23.96M
NOI $1,437,721 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91355, CA
32,886
Population
12,338
Households
2.7
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
2,491
Density / Sq Mi
$109,348
Median Household Income
$65,609
Median Earnings
$2,704
Median Rent
$744,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial facility with office space, loading, and specialized cleanroom areas.
Where is this flex space located?
The property is located at 27963 Franklin Pkwy Valencia, CA.
What is the asking price?
The asking price for this property is $10,933,000.
What are key features of this property?
This property features: 38,362 SF light industrial building; Approximately 8,700 SF of finished two‑story office space; Large Class 6 and Class 8 cleanrooms
