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24238-24270 Lyons Ave
Santa Clarita, CA 91321

Price: $5,150,000 Zoning: LCC2
Bldg SF: 13,250 SF Price/SF: $389
Land SF: 46,091 SF Occupancy: 100%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Price: $5,150,000
Bldg SF: 13,250 SF
Land SF: 46,091 SF
Price/SF: $389
Occupancy: 100%
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

100% Occupied Signalized Corner Shopping Center in a Prime Santa Clarita Location

 

  • 13,250 square foot shopping center ideally situated on 46,091 square foot of land
  • 100% current occupancy
  • Shadow Anchored by 99 Cents Only
  • SW signalized corner of Lyons Avenue and Wiley Canyon Avenue
  • Excellent visibility and frontage along two major thoroughfares
  • Directly off the Interstate 5 Freeway with direct freeway access
  • Daily traffic counts north of 35,000 vehicles per day
  • Excellent signage

 

Outstanding Underlying Fundamentals Featuring a Seasoned and Stable Tenant Mix

 

  • Ideal unit sizes averaging 1,104 square feet
  • Minimal bay depths
  • Excellent visibility
  • 154 total parking spaces shared between the center and the adjacent 99 Cents Only building
  • Strong mix of seasoned national, regional, and local tenants that ideally cater to the daily needs of the surrounding residents
  • Average length of occupancy of 10.47 years
  • No downside in rents, with current rents averaging $2.93 per SF, modified gross

 

Dense Immediate Population with Strong Underlying Demographics

 

  • Over 19,941 people within one mile of the subject property, over 192,005 people within three miles, and over 468,263 people within five miles
  • Affluent sub-market boasts an average household income of over $116,761 within one mile of the subject property and over $117,396 within three miles
  • 7,526 households within one mile of the center and over 68,871 households within three miles
  • Median Age of 43.8
  • Significant single family home development in the immediate area
  • Rapidly growing sub-market rated on of the best cities to live in Los Angeles County