The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 16, 2018
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Private Investor Snags Grocery-Anchored Center in Santa Clarita for $22.5 Mil


Canyon Square Plaza, a 96.6k sf, grocery-anchored shopping center in Santa Clarita, was acquired a private high net worth investor for $22.5 mil, or about $233/sf. The center is anchored by a successful, 40.8k sf Vallarta Supermarkets on a long-term lease.

Canyon Square Plaza is located in north Los Angeles County at the northwest corner of Soledad Canyon Rd and Sierra Hwy, recognized as the busiest intersection on the east side of the Santa Clarita Valley. The center was approximately 96% occupied at the time of sale by 29 tenants that represent a diverse and complementary mix of daily needs, restaurant and service tenants.

Dixie Walker and Charley Simpson with Cushman & Wakefield’s Irvine office represented the seller, a real estate investment trust that is one of North America’s largest publicly traded owners and operators of open-air shopping centers.

“Canyon Square Plaza provided the market with an excellent opportunity to acquire a coveted ‘daily needs draw’ grocery-anchored center in a prime location and trade area with strong traffic counts,” commented Walker. “Nearly fully occupied, this desirable center possesses a loyal tenant base, as nearly half of its tenants have operated here for 10 years or more. Further, the consumer demand for groceries in the one-mile radius for this center is superior to any other grocery store location within the trade area.”

“The Santa Clarita Valley has traditionally been primarily a residential community at the north end of Los Angeles County,” added Simpson. “However, with the measurable growth of the Newhall Ranch and Castaic Junction commercial corridors there is an increasing daytime population for retailers to capitalize upon.”

Return to the Archive page



The Foto Finisher


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 © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media