Updated Oct 29, 2024
Private Investor Acquires Valencia Property On Valencia Blvd For $9.8M With Rep Christopher Maling And David Maling
23300 Valencia BLVD, Santa Clarita, C...
$9,800,000
$215/SF
Building Size
45,429 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
A retail center located at 23300-23314 Valencia Blvd in Santa Clarita, California, has been sold for $9,800,000. The property spans 45,429 square feet and is situated on a 3.5-acre lot. Initially built in 1973, the center underwent renovations in 2012 and is currently fully leased to tenants including 99 Cents Only and Harbor Freight Tools.
Summary of transation details:
- Property Type: Retail Center
- Transaction Amount: $9,800,000.00
- Address: 23300 Valencia BLVD, Santa Clarita, CA
- Market: Valencia
- Seller's Representative: Christopher Maling - Avison Young, David Maling - Avison Young
- Buyer: Private Investor
- Seller: DP Santa Clarita LLC
- Square Footage: 45,429
- Lot Size: 3.5 acres
- Year Built: 1973
- Renovation Year: 2012
David Maling and Chris Maling of Avison Young represented the seller, DP Santa Clarita LLC, in this transaction with a private investor acquiring the retail center. The involvement of the Maling brothers emphasizes their role in the real estate market within the region.
Players
Valencia Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93