Oct
15
Canyon Square Plaza Trades for $23 M in Santa Clarita
ByKimco Realty REIT sold Canyon Square Plaza to a private high-net investor. The occupancy rate of the property was 96 percent at the time of the sale.
Canyon Square Plaza, a 96,627-square-foot, grocery-anchored shopping center in Santa Clarita, Calif. changed hands for $22.5 million. The center is anchored by a 40,751-square-foot Vallarta Supermarkets. Dixie Walker and Charley Simpson, retail investment specialists with Cushman & Wakefield, worked on behalf of seller Kimco Realty, a real estate investment trust. The property was acquired by a private high-net worth investor.
The property is located at 18507-18523 Soledad Canyon Road, at the northwest corner of the street with Sierra Highway. The intersection is regarded as one of the busiest on the east side of the Santa Clarita Valley. At the time of the transaction, the center was 96 percent leased to 29…
