23755 Newhall Ave

23744-23792 Newhall Avenue, Santa Clarita, CA, 91321, US

Description

THE OFFERING

Jones Lang LaSalle Americas, Inc. (“JLL”), as the exclusive advisor, is pleased to present the opportunity to acquire 23755 Newhall Ave (“Property” or “Site”), an approximately 7.8-acre mixed-use and residential development opportunity in Santa Clarita. Nestled between the Santa Clarita and San Fernando Valleys, the Property is strategically located for a residential community.

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Attributes

Land area gross

340,000 sf

Number of units

106

Media

Investment Highlights

STRATEGIC LOCATION

Situated at the strategic entrance between Santa Clarita and the San Fernando Valley, anticipated developments aim to provide efficient connectivity for those seeking expedited travel between the Valleys.

PRIME OPPORTUNITY

The Santa Clarita Valley has seen little to no new multi-family construction, with only two developments over 100 units since 2010. The Property is positioned to serve the demand for new multi-housing products.

GROWING COMMUNITY

The area has seen strong growth with an increase in population by approximately 27% since 2010. Many businesses have moved into the Valley over the past few years, including the headquarters for Vallarta Supermarkets, cementing the region as a strong job hub.