Santa Clarita Office Campus Sells for $32M
1 report, 1 independent
Updated Fri 00:00
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What happened
Strauss Investments acquired Commons at Valencia, a Class A office property in Santa Clarita’s Valencia neighborhood, from Harbor Associates. The transaction valued the campus at $32 million, averaging about $204 per square foot. The property spans 157,189 square feet and includes two three-story buildings and a two-story parking structure with 625 spaces.
Why it matters
The office campus is located in the Santa Clarita Valley and was 79 percent leased with tenants in professional services, insurance, financial services, and real estate industries. The sale signals activity in the regional office market.
Who's involved
- Los Angeles CountyLos Angeles County provides the overarching jurisdictional framework for the location.
- Santa ClaritaSanta Clarita is the city where the office property is located.
- Santa Clarita ValleyThe Santa Clarita Valley is the regional area where the office market operates.
Keep exploring
The entities involved
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Los Angeles County
county in California, United States
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Santa Clarita
city in Los Angeles County, California, USA