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.