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23655 Newhall Ave
Newhall, CA 91321

Multi-Tenant Retail & Office Center · Retail Property For Sale

Investment Highlights

  • Prime Multi-Tenant Retail & Office Center
  • Exceptional Signage and Street Visibility
  • Prominent Santa Clarita Valley Location
  • Excellent Investment/Owner-User/Redevelopment Opportunity ±8,115 SF Building on ±28,089 SF Parcel (Buyer to Verify)
  • Well-Established Tenants
  • Front and Rear Parking Areas

Executive Summary

Spectrum Commercial Real Estate, Inc., is pleased to present an exceptional owner-user/investment opportunity to acquire a 100% fee simple interest in Square One. The property consists of an approximately 8,115-square-feet, multi-tenant retail/office center that is situated on an approximately 28,089-square-feet, SCMX-C-mixed-use-zoned parcel located within Santa Clarita, California.
The property is a two-story building that is comprised of five units and is currently 77% occupied by an excellent mix of tenants. Units range between 1,200 to 2,025 square feet. Unit E (1,890 SF), the only unit on the 2nd floor can be occupied by an owner-user. These efficiently sized units are conducive to high-occupancy, optimal rents, and low lease-up costs, minimizing capital expenditures and cash flow exposure.
The subject property is located in a prime Santa Clarita location, situated on Newhall Avenue a major thoroughfare adjacent to Old Town Newhall, The Center at Needham Ranch (±4 million square feet of business park), Dockweiler 21 (±93 Condominiums), and Building Hope: Our Family Promise Resource Center and Transitional Housing.
The property offers tremendous street visibility, excellent traffic counts, strong demographics, and an impressive daytime population. The property is surrounded by single-family and multi-family homes and is within minutes from Valencia Town Center amenities, restaurants, shopping boutiques, hotels, golf courses, schools, daycare centers, and fitness facilities.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,115 SF
Building Class
C
Year Built
1971
Price
$3,270,600 CAD
Price Per SF
$403 CAD
Percent Leased
77%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.64 AC
Zoning
SCMX-C* - Buyer to verify
Parking
24 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
130 ft on Newhall Avenue

Amenities

  • 24 Hour Access
  • Bus Line
  • Corner Lot
  • Signage
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2827-004-017
Land Assessment
$323,239 CAD
Improvements Assessment
$790,747 CAD
Total Assessment
$1,113,987 CAD
  • Listing ID: 32388262

  • Date on Market: 2024-07-09

  • Last Updated:

  • Address: 23655 Newhall Ave, Newhall, CA 91321

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