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    The Largest CRE Database in the US with Over 1 Million Listings

    28494 Westinghouse Pl Santa Clarita, CA 91355

    Sponsored
    For Lease
    $28 SF/Yr

    Class-A Office Space Available

    Lot size:
    9,110 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This Class-A, 9,110 square foot office building in Los Angeles County offers multiple suites ranging from 580 to 2,270 contiguous square feet, all currently vacant. The property boasts a magnificent atrium setting with lush landscaping and waterfalls, newly renovated common areas, and extensive wraparound windows providing breathtaking views. Building amenities include dual elevator service, separately metered utilities with 24/7 tenant-controlled HVAC, and a generous 4:1,000 SF parking ratio, complete with electric vehicle charging stations. Located in the prestigious Gateway Corporate Point in Valencia, this prime location offers easy access to the I-5 & SR 126 freeways, and is adjacent to Newhall Ranch Road. Nearby amenities include restaurants, daycare centers, fitness centers, the Valencia Town Center, and several hotels and golf courses. The building sits on 3.37 acres and is within the City of Santa Clarita's jurisdiction. Spec suites feature well-designed layouts and abundant natural light from both front and rear window lines. The building offers move-in ready spaces with renovated restrooms and suites.

    Property Features for 28494 Westinghouse Pl

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,110 SF
    Class
    A
    Total Rate
    21408.5

    Spaces For Lease

    at 28494 Westinghouse Pl, Santa Clarita, CA 91355 Contact us
    Unit Suite 305

    $28 /Mo

    Size
    1,720 SF
    Contact us
    Unit Suite 211

    $28 /Mo

    Size
    2,270 SF
    Contact us

    We can help!

    Listing Contact
    Yair Haimoff
    Yair Haimoff

    Learn more

    Property Insight Report

    HighLights

    • Class A office building in Los Angeles County.
    • Move‑in ready spec suites ranging from 580 to 2,270 square feet.
    • Newly renovated restrooms and suites.
    • Separately metered utilities with 24/7 tenant‑controlled HVAC.
    • Abundant natural light with extensive front and rear window lines.
    • Dual‑elevator building with ample parking (4 spaces per 1,000 sq ft) and EV charging stations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gary Soto Home ... Loan Service Shelly Klimusko & Patti ... Loan Service Mckell Financial Accounting Firm NP Law Law Firm Robin Landau, Ph.D Physician

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Auto Parts Store Hotel & Motel Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Clarita
    County
    Los Angeles
    State
    California
    Longitude
    -118.5988866
    Latitude
    34.4429277

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    FAQs

    What type of property is this?
    Office space - Class-A Office Space Available
    Where is this office space located?
    The property is located at 28494 Westinghouse Pl Santa Clarita, CA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Class A office building in Los Angeles County.; Move-in ready spec suites ranging from 580 to 2,270 square feet.; Newly renovated restrooms and suites.
    (818) 203-5429
    Request Owner's contact information
    28494 Westinghouse Pl Santa Clarita, CA 91355
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    Santa Clarita, CA 91355
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28494 Westinghouse Pl Santa Clarita, CA 91355
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    We can help!
    Listing Contact
    Yair Haimoff
    Yair Haimoff
    Real Estate License ID: 01414758
    (818) 203-5429
    Learn more
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