Vallarta Supermarkets Acquires Office Property In Santa Clarita For $48M

The office property located at 28470-28490 Avenue Stanford in Santa Clarita has been sold for a price of $48,000,000. The property spans over an area of 195,300 square feet and has a price per square foot of $246. The buyer of this property is Vallarta Supermarkets, a family-owned Latino market chain.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $48,000,000
• Address: 28470-28490 Avenue Stanford, Santa Clarita
• Market: Santa Clarita
• Square Footage: 195,300
• Price per Square Foot: $246

Vallarta Supermarkets is relocating its headquarters from Sylmar in Los Angeles to this corporate campus in Santa Clarita. This move will more than double its headquarters' size, providing a larger space spanning over 195,300 square feet. The transaction was brokered by Cesar Gonzalez of Equity Union Commercial, who represented Vallarta Supermarkets, and Craig Peters and Richard Ramirez of CBRE, who represented the seller.

This relocation is expected to bring approximately 220 executive and staff jobs to the area, contributing to the local economy. It is estimated that the move will generate around $100 million in annual economic output and $750,000 in local city and county annual tax revenue. The announcement of Vallarta Supermarkets' relocation was made by the Santa Clarita Valley Economic Development Corporation.