Spectrum Commercial Real Estate, Inc. Represented the Seller and Buyer in the Sale of this +/- 19.38 Acre in a Prime Santa Clarita Valley Location
Valencia, CA – October 1, 2020 – Randy Cude, Matt Sreden, and Connor Quan commercial real estate brokers with Spectrum CRE ™, are pleased to have represented the Seller and Buyer in the sale of an M1 Zoned development site at 23925 The Old Road in Newhall, California.
This vacant +/- 19.38 Acre Lot has 1,385 feet of street frontage along The Old Road. The property sits along the I-5 Freeway, and is within close proximity to State Route 14, FivePoint – Newhall Ranch Development, Six Flags Magic Mountain, Disney and ABC Studios, and Needham Ranch Business Park.
The Buyer was attracted to the Property for its development potential and intends to construct its new headquarters on the Property.
Randy, Matt & Connor were able to negotiate the transaction within a short period of time and successfully navigate it to a successful close during an unprecedent time for small business lenders.
The final purchase price was approximately $2.5 Million.
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About Spectrum Commercial Real Estate, Inc.
Spectrum Commercial Real Estate Inc., founded in 2018 and headquartered in Valencia, California, is a full service commercial real estate firm that offers clients personalized service, local knowledge, and a pioneering approach to brokerage services. The firm’s full spectrum of services includes tenant and landlord rep, leasing, sales (owner-user and investments), 1031 exchange buyer representation, national single-tenant investment sales and acquisitions, net lease investments, build-to-suit developments, debt/equity, and providing clients with exceptional brokerage services. For more information, visit www.Spectrumcre.com