Neighborhood Shopping Center with
For Sale
Contact for pricing
Pending
26825 Bouquet Canyon Road, Santa Clarita, CA 91350
Neighborhood shopping center featuring five one- and two-story buildings with recently updated exterior and 359 parking spaces.
Property Size115,575 SF
Lot Size12.96 Acres
Days on Market68
Property Features for 26825 Bouquet Canyon Road
General Information
Standard status
Pending
Size
115,575 SF
Class
C
Total Parking Spaces
359
Lot size
12.96 Acres
Property subtype
Retail
Zoning
"CC" Community Commercial under the jurisdiction of the City of Snata Clarita
Occupancy
97%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$2,858,630
Building Details
Year Built
1966
Year Renovated
2022
Stories
2
Units
42
Tenancy
Multi
Listing Agency:
Broker Loan Network
Listed By:
Richard Robbins · License #CA 00849853
Source:
Crexi
Added: Jul 2
Changed: Sep 5
Last Checked: Sep 7 at 1:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Broker Loan Network
Investment Insights
Based on property information with market context.
This neighborhood shopping center includes five one- and two-story buildings totaling approximately 115,575 SF of net rentable space. Constructed in 1966 and 1989, the property has an exterior that was recently updated in 2022. Current leasing activity is reported at 96.21% leased as of December 2022, with multiple tenants represented across national, regional, and local operators. Notable tenants include Bank of America, Goodwill, Total Renal Care, Inc. (DaVita), and a grocery outlet, and the property also has a signed LOI in place.
The site is located at street grade and is generally rectangular in shape, with parking for 359 vehicles. A Shell gas station exists on the corner of Bouquet Canyon Road and Seco Canyon Road, but it is not part of the collateral.
Set on approximately 12.96 acres, the property’s parking ratio is listed as 3.09 spaces per 1,000 SF.
The site is located at street grade and is generally rectangular in shape, with parking for 359 vehicles. A Shell gas station exists on the corner of Bouquet Canyon Road and Seco Canyon Road, but it is not part of the collateral.
Set on approximately 12.96 acres, the property’s parking ratio is listed as 3.09 spaces per 1,000 SF.
Key Highlights
- Neighborhood shopping center with five one- and two‑story buildings and approximately 115,575 SF of net rentable space
- Built in 1966 and 1989; exterior recently updated in 2022
- As of December 2022, 96.21% leased by multiple tenants (see attached rent roll)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,859,916
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$37,198,320
$37.2M
Cap Rate 7%
$26,570,229
$26.6M
Cap Rate 9%
$20,665,733
$20.7M
Market Conditions
NOI Build-Up for 115,575 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$2.77M $24.00/SF
− Vacancy
−$116.8K −$1.01/SF
EGI
$2.66M $22.99/SF
− OpEx
−$797.1K −$6.90/SF
NOI
$1.86M $16.09/SF
Area
Santa Clarita, CA
Vacancy
4.21%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$37,198,320
Cap Rate 7%
$26,570,229
Cap Rate 9%
$20,665,733
Alternative Uses
Best Use
Retail
$26.57M
$23.25M – $31.00M
NOI $1,859,916 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.96M
$25.34M – $33.79M
NOI $2,027,492 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
185k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 22%
Apparel 21%
Dining 5%
Hobby Lobby
Shops & Services
47,639 visits/mo
0.5 miles
Seafood City
Groceries
28,624 visits/mo
0.4 miles
Ross Dress for Less
Apparel
25,913 visits/mo
0.5 miles
Shell
Shops & Services
14,184 visits/mo
0.0 miles
Grocery Outlet Bargain Market
Groceries
11,280 visits/mo
0.0 miles
Demographics for 91350, CA
41,514
Population
13,959
Households
3
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
15.9 sq mi
ZIP Area
2,611
Density / Sq Mi
$135,612
Median Household Income
$65,115
Median Earnings
$2,485
Median Rent
$733,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Bouquet Center Shopping Center — 26543 Bouquet Canyon Rd, Santa Clarita, CA 91350
- Coinstar Kiosk - Bitcoin ATM — 26518 Bouquet Canyon Road Safeway, Saugus, CA 91350
- BOUQUET SECO PLAZA — 25753-26781 Bouquet Canyon Rd, Santa Clarita, CA 91350
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center featuring five one- and two-story buildings with recently updated exterior and 359 parking spaces.
Where is this shopping center located?
The property is located at 26825 Bouquet Canyon Road Santa Clarita, CA.
What is the asking price?
The asking price for this property is $45,738,000.
What are key features of this property?
This property features: Neighborhood shopping center with five one- and two‑story buildings and approximately 115,575 SF of net rentable space; Built in 1966 and 1989; exterior recently updated in 2022; As of December 2022, 96.21% leased by multiple tenants (see attached rent roll)
