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9/23/26
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In a northern L.A. County office buy, Strauss Investments LLC acquired Commons at Valencia, a two-building, 157.2k sf Class A office campus, for $32 mil ($203/sf). The property is located at 25124 and 25152 Springfield Court, north of Valencia Blvd and just east of I-5.
Originally built in 2005, Commons at Valencia consists of two three-story office buildings and a two-story parking structure with 625 parking spaces. The campus spans approximately 8.96 acres in the heart of the Santa Clarita Valley. At the time of sale, the property was 79% occupied and featured a diverse tenant roster of professional services, insurance, financial services and real estate tenants
The property underwent an extensive capital improvement program in 2020, including upgraded lobbies and corridors, new spec suites and roof and HVAC improvements.
Located adjacent to Interstate 5, Commons at Valencia benefits from regional connectivity throughout the Santa Clarita Valley, San Fernando Valley and Ventura County.
CBRE’s Mark Shaffer, Anthony DeLorenzo, Sean Sullivan and Gerard Poutier represented the seller, Harbor Associates, in the transaction.
"Commons at Valencia attracted significant investor interest due to its strong tenant roster, recent capital improvements and strategic location within one of Southern California's premier suburban office markets," said Shaffer, Senior Vice President at CBRE. "The property's leasing momentum and long-term growth prospects within the Valencia submarket created a compelling investment opportunity for the buyer."
According to CBRE Research, Valencia remains one of the strongest-performing office submarkets in the broader San Fernando Valley market, supported by a diversified employment base, high household incomes and ongoing residential growth. The market continues to attract tenants seeking well-located suburban office environments with access to a highly educated workforce and a deep regional amenity base.
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