Valencia Industrial Condo Investment
For Sale
Contact for pricing
28715-28727 W Industry Dr, Valencia, CA 91355
Leased industrial condo in Valencia Commerce Center for sale.
Property Size8,393 SF
Price / SF$294.89
Days on Market261
Property Features for 28715-28727 W Industry Dr
General Information
Standard status
Active
Size
8,393 SF
Property subtype
Industrial
Zoning
M-1.5-DP
Building Details
Year Built
2006
Listing Agency:
Stratton Commercial Real Estate, Inc.
(661) 702-9700
Listed By:
Robert Stratton · License #CA 01182000
Source:
Crexi
Added: Nov 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:56PM
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 Stratton Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located in the Valencia Commerce Center, this property presents an investment opportunity to acquire a ½ undivided interest in a 16,786 sq.ft. industrial condominium. The available interest represents 8,393 sq.ft. of the total building area. The property is fully leased by Curran Enterprises and features 24-foot clear height ceilings, both ground-level and dock-high loading doors, and 480v heavy power, making it suitable for industrial users. The building includes a two-story office build-out at the front. The property is being sold as a leased investment at a price of $2,475,000, which equates to approximately $294.88 per sq.ft. This pricing reflects a 6% CAP Rate based on actual income.
Key Highlights
- Fully leased industrial condominium providing immediate income.
- Opportunity to acquire a 1/2 undivided interest, sharing equally in income and expenses.
- Located in the prestigious Valencia Commerce Center.
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
$183,464
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
7.41%
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%
$3,669,280
$3.7M
Cap Rate 7%
$2,620,914
$2.6M
Cap Rate 9%
$2,038,489
$2.0M
Market Conditions
NOI Build-Up for 8,393 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
$322.3K $38.40/SF
− Vacancy
−$77.7K −$9.25/SF
EGI
$244.6K $29.15/SF
− OpEx
−$61.2K −$7.29/SF
NOI
$183.5K $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%
$3,669,280
Cap Rate 7%
$2,620,914
Cap Rate 9%
$2,038,489
Alternative Uses
Best Use
Office B
$2.62M
$2.29M – $3.06M
NOI $183,464 @ 7.0% cap · market cap 7.41%
Second Best
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,209 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,551 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
214
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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Similar Off Market Nearby
- Iron Mountain — 28751 Witherspoon Pkwy, Valencia, CA 91355
- International Van Lines — 28721 Industry Dr, Valencia, CA 91355
- Camelot Moving & Storage, Inc. — 28040 Industry Dr, Santa Clarita, CA 91355
- Y&O Moving Consulting Services LLC — 28721 Industry Dr unit B, Valencia, CA 91355
Frequently Asked Questions
What type of property is this?
Warehouse - Leased industrial condo in Valencia Commerce Center for sale.
Where is this warehouse located?
The property is located at 28715-28727 W Industry Dr Valencia, CA.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: Fully leased industrial condominium providing immediate income.; Opportunity to acquire a 1/2 undivided interest, sharing equally in income and expenses.; Located in the prestigious Valencia Commerce Center.
