24050 Creekside Rd - Auto Dealership FOR SALE


Valencia, CA 91355
$38,568,000 USD
213-446-7543
24050 Creekside Rd, Valencia, CA for Sale
$38,568,000 USD
Auto Dealership - FOR SALE
1/17
null | 5.4% Cap Rate

24050 Creekside Rd
Valencia, CA 91355


HIGHLIGHTS

  • EXCEPTIONAL STNL INDUSTRIAL INVESTMENT OPPORTUNITY
  • COMPELLING MARKET FUNDAMENTALS IN GREATER LOS ANGELES
  • CENTRAL RETAIL LOCATION WITH ABUNDANT AMENITIES AND ATTRACTIVE DEMOGRAPHICS

OVERVIEW

EXCEPTIONAL STNL INDUSTRIAL INVESTMENT OPPORTUNITY * CORE INVESTMENT | The offering presents a rare opportunity to acquire a brand new Class A industrial building in one of the country's sought-after investment markets. Located in Santa Clarita, one of Los Angeles County's fastest-growing cities, the property is custom-built for Tesla, Inc. as a multi-use, point-of-service center for customers. * DURABLE CASH FLOW WITH INFLATIONARY HEDGE | New ownership enjoys an in-place lease that spans ±14 remaining years. The lease generates a net income totaling ±$2.1 million in the first year of ownership. A three-percent annual increase in rent provides an attractive hedge against future inflationary pressures. * INVESTMENT-GRADE TENANCY | Tesla, Inc. (Moody’s: Baa3) is the most valuable car maker in the world by a wide margin over its competitors. It remains one of the most valuable brands in the world, according to Interbrand. COMPELLING MARKET FUNDAMENTALS * STRONG ECONOMIC GROWTH | Greater Los Angeles (GLA), as California's leading market, has been one of the fastest-growing regions in the United States and drawing investment across all industries. According to the Federal Reserve Bank of St. Louis, GLA’s GDP has tripled in the last 20 years, from $538 billion in 2003 to $1.3 trillion in 2023. * TOP INVESTMENT MARKET | Greater Los Angeles remains one of the top-performing U.S. markets (for stable property returns), according to CBRE’s U.S. Investor Intentions Survey. Accordingly, it remains among the preferred markets for investment. * ATTRACTIVE INDUSTRIAL FUNDAMENTALS | Santa Clarita Valley is among the tightest industrial submarkets in the GLA. As of 1Q25, the vacancy rate was 2.3%, well-below the 4.6% vacancy for the larger region. CENTRAL RETAIL LOCATION WITH ABUNDANT AMENITIES AND ATTRACTIVE DEMOGRAPHICS * HIGHLY DESIRABLE LOCATION | Fronting Valencia Town Center at the busiest commercial corridor in Santa Clarita, Magic Mountain Parkway (22,000 ADV), the property is less than three miles from I-5 freeway where access to the rest of the Southern California region is direct and convenient. Six Flags Magic Mountain and SR-126 are less than 5 miles to the north. * ATTRACTIVE DEMOGRAPHICS | The property's 5-mile radius offers a consumer base of approximately 200,000 residents with a median household income totaling more than $129,000. ±93% of households own or lease at least a car. The total annual household spending budget is more than $9.5 billion, according to CBRE's analysis of Esri. * A PARADISE FOR ECONOMIC PROSPERITY | With NO gross receipts tax and NO utility user taxes, Santa Clarita pro-business climate makes it one of Los Angeles County’s fastest growing hubs for technology and innovation. Located just 30 miles north of downtown Los Angeles, Santa Clarita is consistently ranked as one of the healthiest and safest cities in the US.

FOR SALE DETAILS

PRICE

$38,568,000 USD

PRICE/SF

$984 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tesla Motors

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

168

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,828 SF

ZONING

CR

APN/PARCEL ID

2811-025-091

ASK ABOUT THIS PROPERTY

Mark ShafferCBRE, Inc.More Info
213-446-7543

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Mark ShafferCBRE, Inc.More Info
213-446-7543

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.