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December 18, 2018
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RETAIL NEWS
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Santa Clarita Retail Property Trades at $215/sf

2/19/18

A private investor paid $9.8 mil for a 45.4k sf ($215/sf) retail center in Santa Clarita. The property, located at 23300-23314 Valencia Blvd, is situated in the heart of Santa Clarita’s business-friendly retail hub.

Built in 1973 and renovated in 2012, the building sits on a 3.54-acre site and is 100% leased to 99 Cents Only and Harbor Freight Tools. Santa Clarita’s low property taxes, zero utilities tax and other business benefits make it an attractive location for operators and investors alike.

David Maling and Chris Maling with Colliers International represented the seller, DP Santa Clarita LLC, in the transaction. The deal came in at a 6% cap rate.





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