23655 Newhall Ave - Freestanding FOR SALE


Newhall, CA 91321
$2,300,000 USD
661-567-1244
23655 Newhall Ave, Newhall, CA for Sale
$2,300,000 USD
Freestanding - FOR SALE
1/28
null | Request Cap Rate

23655 Newhall Ave
Newhall, CA 91321


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$283 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Retail & Office Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

SCMX-C*

APN/PARCEL ID

2827-004-017

ASK ABOUT THIS PROPERTY

Randy CudeSpectrum Commercial Real Estate, IncMore Info
661-567-1244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Randy CudeSpectrum Commercial Real Estate, IncMore Info
661-567-1244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.