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Thursday, Mar 28, 2024

Investor Pays $2 Million for Jack in the Box Location in Castaic

A private real estate investor has paid $2 million for a retail building in Castaic that has a lease commitment from Jack in the Box through March 2027. The single-tenant building, located at 28090 Hasley Canyon Road, has been leased by Jack in the Box for 13 years. The restaurant has seven more years on its 20-year commitment. Avison Young’s Chris Maling and David Maling represented the undisclosed buyer and the seller, Ada Florance, according to CoStar Group data. Built in 2007, the 2,590-square-foot building sits on a one-acre lot in the Santa Clarita Valley market.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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