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Thursday, May 30, 2024

2023 Commercial Real Estate Awards: BEST LAND SALE

VITAL STATISTICS
145000 Soledad Canyon Rd., Canyon Country
Square Footage: 52 acres
Deal Value: $13.8 million

This land lease deal performed by Randy Cude, Yair Haimoff and Connor Quan of Spectrum Commercial Real Estate involves a unique property in the Santa Clarita Valley adjacent to the 14 freeway. Comprised of three legal parcels totaling 52 acres, the property had a water well and two old, abandoned fishing ponds. The property was initially used as a recreation site for bass fishing. Later, Caltrans took over the property and utilized it for the freeway and road construction site. It later traded hands a few times. The new buyer is a landscape/nursery company that needed the site and the water well. The company utilized the site to expand to its current facility, which is located in Sylmar. The company looked for a suitable location in the San Fernando Valley but needed help finding one. Therefore, they expanded their search to the Santa Clarita Valley and a site that worked for their use – a great example of local companies growing their businesses in the marketplace.

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