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6/12/25
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Wayman Court Shopping Center, a 31.7k sf shopping center in Newhall, sold for $10.15 mil, or $320/sf. The asset, located at 23120 and 23130 Lyons Ave, was acquired by Dar Properties of Santa Clarita LLC.
Wayman Court Shopping Center is located along Lyons Ave, Santa Clarita’s primary retail corridor. The property is 100% leased to 17 tenants, featuring a diverse tenant mix including restaurant, medical and service tenants.
CBRE’s Alex Kozakov, Patrick Wade, Matthew Greenberg and Jack Webber represented both the buyer and the seller, Strauss Investments, in the transaction. Dar Properties will add the property to their retail portfolio in the Santa Clarita Valley. According to CBRE Research, the Santa Clarita Valley remains one of the most resilient retail markets in Greater Los Angeles, with low availability rates and steady leasing activity.
“This is a fully stabilized retail center in a high-demand submarket that continues to attract both tenants and investors. The property delivers strong, consistent income with future upside through rent growth and tenant rollover,” commented Kozakov.
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