Valencia Corporate Plaza, a three-building office complex on Interstate 5 in Santa Clarita, has sold for nearly $41.3 million, or about $212 a square foot.
New York investor True North Management Group acquired the buildings from Los Angeles investment trust Angelo, Gordon & Co. and Santa Monica-based Pacific Office Properties Trust Inc.
The 194,400-square-foot campus, situated on 14 acres in the 28400 block of Avenue Stanford, is 82 percent leased to tenants including engineering firm Psomas, Insurance Co. of the West, and eBay Inc. subsidiary WHI Solutions.
The office portfolio last sold in 2011 for $31 million, or about $159 a square foot, according to real estate data provider CoStar Group Inc. The buildings were constructed between 1999 and 2007.
The newest of the trio, at 28480 Avenue Stanford, comprises 51,351 square feet and is nearly 80 percent leased. The largest of the three buildings, at almost 77,000 square feet, is 28490 Avenue Stanford, which dates to 1999; it is fully leased. The third building, at 66,400 square feet, is at 28470 Avenue Stanford and is 68 percent leased.
Los Angeles brokerage CBRE handled the transaction, with Kevin Shannon, Ken White, Laura Stumm, Craig Peters and Doug Sonderegger the brokers on the deal that closed Sept. 9.