Valley Logistics Group has closed on the acquisition of a sprawling 155,000-square-foot industrial facility located at 8901 Sepulveda Blvd in North Hills, for a reported $38.75 million. This significant transaction underscores the sustained robust demand for industrial and logistics properties across the San Fernando Valley, driven by the booming e-commerce sector and the need for efficient last-mile distribution centers.
San Fernando Industrial Partners, the seller, had invested heavily in modernizing the property over the past five years, including upgrades to warehousing technology, loading docks, and energy efficiency. The facility's strategic location, offering immediate access to the 405 and 118 freeways, was a key factor in its appeal. Valley Logistics Group, a major player in regional distribution, is expected to utilize the site to expand its fulfillment capabilities, serving the dense population centers of Los Angeles and Ventura counties. The sale price translates to approximately $250 per square foot, a strong valuation for a fully modernized industrial asset in the Valley.
This deal further solidifies North Hills' position as a critical node in Southern California's supply chain network. With vacancy rates for industrial properties remaining historically low and rental rates continuing to climb, investors are actively seeking well-positioned assets that can support the ever-growing demand for rapid delivery services. The acquisition by Valley Logistics Group is a clear indicator of continued confidence in the long-term growth trajectory of the industrial real estate market in the region.
