CBRE, Inc., as exclusive advisor, is pleased to announce 27202 & 27220 Turnberry Lane (the “Property” or “Site”), a 115,160-square-foot, fully-approved, Class-A industrial development opportunity on 6.06 acres in the Santa Clarita Valley (“SCV”) - one of the safest areas in Los Angeles County. The Site is strategically located adjacent to the I-5/SR-126 freeway interchange with I-5 freeway frontage. The Property currently includes two office buildings, totaling 118,949 SF, that can be delivered fully vacant. The current owner has finalized site plan approvals allowing for development to commence immediately. The Santa Clarita Valley is one of the tightest industrial markets in the country, with very few development opportunities. SCV has recorded a sub-2% vacancy for 13 consecutive quarters and has averaged 22% annual rent growth over the last 5 years. In Q2 2024, SCV posted the second lowest vacancy rate (1.4%) out of all LA submarkets, and positive net absorption.