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9/29/26
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Avant Real Estate Inc purchased a 120.6k sf retail center in Santa Clarita for $27.5 mil, or $228/sf. Formerly anchored by Kmart, the 80%-occupied property sits on 12.6 acres at 23126-23170 Valencia Blvd, south of Soledad Canyon Rd and west of Bouquet Canyon Rd.
The new ownership plans to fully renovate and beautify the shopping center, maintaining its retail use while upgrading the property and enhancing its overall appearance.
The property occupies one of the most visible and highest traffic intersections in northern Los Angeles County. Positioned at the signalized hard corner of Valencia Boulevard and Bouquet Canyon Road, traffic counts exceed 100,000 vehicles per day and the location provides direct access to Magic Mountain Parkway and Interstate 5.
The property is surrounded by one of Southern California’s strongest suburban retail and employment corridors, which includes Valencia Town Center, a 1.1 msf regional mall with more than 170 stores and 4.3 million annual visitors. The area is also supported by nearby centers including Trader Joe’s, Whole Foods, Target, Best Buy, and multiple luxury auto dealerships.
SRS Capital Markets Executive Vice President Carlos Lopez, Executive Vice President and Managing Principal Terrison Quinn and Vice President Tony Vuona represented the seller, a Los Angeles-based investor. The buyer was repped by Ed Matevosian of CBRE. Additionally, Terrison Quinn and Tony Vuona contributed deep retail leasing expertise, local market insight and established developer relationships to help position the property’s redevelopment potential.
The new ownership plans to fully renovate and beautify the shopping center, maintaining its retail use while upgrading the property and enhancing its overall appearance.
Santa Clarita is one of the fastest-growing and most desirable suburban communities in Southern California, viewed as a more affordable and livable alternative to core Los Angeles. The city’s 2025 population exceeded 229,000 residents, with average household income surpassing $148,000, and major employers including Princess Cruises, Boston Scientific, Advanced Bionics, and Six Flags Magic Mountain.
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