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Friday, Nov 22, 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.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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