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SANTA CLARITA, CA-Side Yard LLC has acquired a 93,228-square-foot industrial property here for $9.87 million, and a private investor has acquired a 96,000-square-foot building in Los Angeles for $5.25 million, in two recently closed deals, according to brokers from NAI Capital and Marcus & Millichap who were involved in the transactions. The Side Yard deal is one of the largest industrial transactions to be completed in the Santa Clarita region this year, according to Chris Jackson and Todd Lorber of NAI Capital’s Santa Clarita office, who represented Side Yard in the deal.

The new Side Yard asset is an industrial warehouse/showroom building located at 26455 Ruether Ave. The highly improved building was completely renovated in 2005 and converted from an industrial manufacturing facility to a retail furniture showroom/warehouse. Renovations to the building included a new roof with skylights and insulation, new air conditioning, showroom lighting and electrical, retail entryway, executive offices, design center, concrete parking, loading area and more.

Jackson notes that Side Yard plans to lease the facility back to a company it owns. The property was previously leased by Racer’s Edge, the largest indoor electric Go-Kart track in Southern California, but the tenant vacated the property at the close of escrow. The seller, a private family trust was represented by Gary Cohen of Cohen Commercial Real Estate Group Inc.

In the Los Angeles transaction, a private investor bought a 96,000-square-foot building at 840 Santee St. that was constructed in 1926 and renovated in 1930. The listing agents for the property were Jerry Wise, Adam Petriella and Tony Azzi, investment specialists in the West Los Angeles office of Marcus & Millichap. Azzi also represented the buyer, who acquired the property from a financial institution.

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