Sukut Real Properties Acquires Retail Asset In Santa Clarita From Greenlaw Partners For $33M

24050 Creekside Road is a retail asset situated in the Santa Clarita market. The property was sold for $33,000,000, encompassing a total of 38,638 square feet, which translates to a price per square foot of $854. This sale represents a significant financial milestone in the sector.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $33,000,000
• Square Footage: 38,638 SF
• Price per Square Foot: $854
• Buyer: Sukut Real Properties
• Seller: Greenlaw Partners
• Seller's Representatives: Grant Goldman, Mark Shaffer, Anthony DeLorenzo, Dylan Rutigliano & Gerard Poutier - CBRE

This transaction marks the highest national price per square foot on record for a Tesla-leased SSD, reflecting the property’s value in the current market. The representation by a team of professionals from CBRE underscores the complexity and significance of this deal.