The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Investors Trade 150k sf Retail Property in Santa Clarita

5/04/16

Bouquet Center, a 95% occupied, 148.9k sf grocery-anchored shopping center in Santa Clarita, traded hands. The price was not disclosed.

Bouquet Center is located at 26502-26586 Bouquet Canyon Rd, east of I-5 and north of Newhall Ranch Rd, approximately 35 miles northwest of downtown Los Angeles. It is situated at the signalized intersection of Newhall Ranch Rd and Bouquet Canyon Rd, one of the busiest intersections in Santa Clarita with 85,000 cars per day.

Built in 1985 on 12.26 acres, and completely renovated in 2007 at a cost of $7 mil, the retail center is anchored by Vons, CVS and Ross Dress for Less, which represents 66% of the current tenancy. Other tenants include Chase, Citibank, Wendy’s, Baskin Robbins, Jersey Mike’s Sub, Little Caesars Pizza and Payless ShoeSource.

Ed Hanley and Kevin Fryman of Hanley Investment Group Real Estate Investors represented the seller, a Los Angeles-based private investor. The buyer was a publicly-traded real estate investment trust.

“The market for core grocery-anchored centers in infill markets remains strong with interest from both the institutional buyers and private 1031 exchange,” said Fryman. “In 2016, we have seen an increase in supply as sellers recognize that today represents an ideal time to sell. There still remains limited properties available similar to the Bouquet Center in both size and quality.”






Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media