Epicenter Landcorp Acquires Rare Sun Valley Development Site in $40 Million Sale
Major Properties is proud to announce the sale of a rare Sun Valley development site situated on 6.9 acres. The buyer, Epicenter Landcorp, has acquired the 11660 Tuxford St. site for $40,000,000, marking the completion of the group’s third real estate investment in the last 12 months.
“A meaningful purchase price reduction, seller financing on desirable terms and the assembly of a 13 acres industrial property in the middle of Sun Valley made the acquisition of 11660 Tuxford very attractive,” said Vasco Noya di Lannoy, Chief Investment Officer of Epicenter Landcorp.
Los Angeles industrial expert Brad Luster of Major Properties represented the seller, Edward Linkmeyer. Colliers’ David Harding, Greg Geraci, Matt Dierckman, and Billy Walk brokered the deal on behalf of the buyer, Epicenter Landcorp.
Site features include 300,900 square feet of land with 73,000 square feet of building space, LA M1 zoning with land use for warehouse and light industrial, and a secure gated lot.
“The 11660 Tuxford Street site presents a rare opportunity for Epicenter Landcorp to expand their portfolio in a vibrant industrial market,” said Brad Luster, President of Major Properties. “The site is ready to be leased as is, but it also provides the potential for future development, making it truly a one-of-a-kind investment.”