Flex Condominium With Loading
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For Sale
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28368 CONSTELLATION RD, Santa Clarita, CA 91355
Office-industrial condominium with private offices, event space, parking, and a ground-level loading door.
Property Size6,415 SF
Price / SF$356.20
Days on Market6
Property Features for 28368 CONSTELLATION RD
General Information
Standard status
Active
Size
6,415 SF
Class
B
Total Parking Spaces
21
Property subtype
Office, Industrial
Zoning
BP
Warehouse & Industrial
Drive-In Doors
1
Sprinkler System
Yes
Amenities
private offices
conference room
event/training room
kitchenette/breakroom
private balcony
building signage
Building Details
Year Built
2007
Year Renovated
2023
Listing Agency:
Spectrum Commercial Real Estate, Inc
(818) 203-5429
Listed By:
Yair Haimoff · License #CA 01414758
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 7:09AM
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 Spectrum Commercial Real Estate, Inc
Investment Insights
Based on property information with market context.
This 6,415-square-foot flex condominium, built in 2007, combines office and industrial functionality in a professionally designed layout. The interior includes 17 private offices, a conference room, an event and training room accommodating up to 40 people, and a kitchenette/breakroom. Expansive wraparound windows, a private balcony, ample power, and a fire sprinkler system add to the building’s physical features.
A 12' x 14' rear ground-level loading door with a glass insert supports receiving and service access. The property includes 21 unreserved parking spaces and building signage with major street visibility. BP zoning applies to the property.
A 12' x 14' rear ground-level loading door with a glass insert supports receiving and service access. The property includes 21 unreserved parking spaces and building signage with major street visibility. BP zoning applies to the property.
Key Highlights
- 6,415‑square‑foot flex condominium built in 2007
- 17 private offices plus conference and event/training rooms
- Event/training room accommodates up to 40 people
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.0k | $27.12 |
| − Vacancy | −$61.2k | −$9.55 |
| EGI | $112.7k | $17.57 |
| − OpEx | −$28.2k | −$4.39 |
| NOI | $84.6k | $13.18 |
6,415 SF · lease $27.12/SF/yr · vacancy 35.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,552 @ 7.0% cap · market cap 3.70%
Second Best
Industrial
$1.11M
$974.0K – $1.30M
NOI $77,917 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,536 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91355, CA
32,886
Population
12,338
Households
2.7
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
2,491
Density / Sq Mi
$109,348
Median Household Income
$65,609
Median Earnings
$2,704
Median Rent
$744,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office-industrial condominium with private offices, event space, parking, and a ground-level loading door.
Where is this flex space located?
The property is located at 28368 CONSTELLATION RD Santa Clarita, CA.
What is the asking price?
The asking price for this property is $2,285,000.
What are key features of this property?
This property features: 6,415‑square‑foot flex condominium built in 2007; 17 private offices plus conference and event/training rooms; Event/training room accommodates up to 40 people
