Spirit Properties Sells Retail Property At Centre Pointe Marketplace In Santa Clarita For $25M
26583 Carl Boyer Drive
$25,000,000
$297/SF
Building Size
83,953 SF
Asset Type
Retail
Closing
Oct 13, 2025
AI
The retail property located at 26583-26591 Carl Boyer Drive in Santa Clarita has been sold for a transaction amount of $25,000,000. This asset spans a total square footage of 83,953 and has a price per square foot of $298.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25,000,000
- Address: 26583-26591 Carl Boyer Drive
- Market: Santa Clarita
- Seller: Spirit Properties
- Broker Representation: Sean Cox & Kevin Fryman - Hanley Investment Group
- Square Footage: 83,953
- Price per Square Foot: $298
Hanley Investment Group facilitated the transaction, representing Spirit Properties as the seller. In addition to this sale, Hanley Investment Group completed two off-market retail sales at Centre Pointe Marketplace, totaling $33.8 million, which included the sale of a DICK’S Sporting Goods- and Burlington-anchored property to an institutional investor and a single-tenant Sky Zone Trampoline Park sale to a private 1031 exchange buyer.
Players
Santa Clarita 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93