The Signal

Valencia industrial building sold for $5.25 million


Beitler Commercial Realty Services announced the sale of a Valencia industrial facility for $5.25 million.

Ron Kassan, executive vice president, and Art Minassian, vice president, of Beitler Commercial Realty Services represente­d the buyer, Advanced Cable Solutions, which is set to occupy the building as an owner-user.

The free-standing, Class A industrial building, located at 28343 Kelly Johnson Parkway, is 19,474 square feet and sits on approximat­ely 5.5 acres of land in the Rye Canyon Business Park. The excess land presents an additional developmen­t opportunit­y should the business need to expand.

There were more than 16 purchase offers on this building, most of them significan­tly higher than the asking price, according to Beitler.

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