Paragon Commercial Group Acquires 46,055 Square Feet Retail Center In Tujunga For Off-Market Deal
6535 Foothill Boulevard & 6585 Foothill Boulevard
Building Size
92,110 SF
Asset Type
Retail
Closing
Jul 28, 2026
AI
Paragon Commercial Group acquired a 46,055-square-foot shopping center located at 6535-6585 Foothill Boulevard in Tujunga, CA. This retail property features long-term tenants Smart & Final and Goodwill, and the transaction was completed off-market, sourced directly from the family of the original developer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 6535-6585 Foothill Boulevard
- Market: Tujunga, CA
- Asset Size: 46,055 square feet
- Buyer: Paragon Commercial Group
- Brokers: Greg Offsay & Caleb Morrison - illi Commercial Real Estate
Greg Offsay and Caleb Morrison of illi Commercial Real Estate represented Paragon Commercial Group in this transaction. The buyer plans to undertake renovations to modernize the shopping center following the acquisition.
Players
Tujunga 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93