31814-31940 Castaic Rd Castaic, CA 91384
- Lifestyle centers
- 72,232 SF
- 8.38 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 31814-31940 Castaic Rd
- Lot size
- 8.38 lot acres
- Property size
- 72,232 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 72,232 square foot shopping center in Castaic, CA, presents a compelling investment opportunity. Located at 31814-31940 Castaic Rd, 91384, on an 8.38-acre lot (APN: 2865-036-046 & 2865-036-047), this C3-zoned property boasts a strong tenant mix including Dollar Tree and UPS, ensuring consistent income. Extensive renovations are complete, and the center is currently 100% leased, offering immediate cash flow. A significant advantage is the strategic location along the I-5 freeway, at the signalized intersection of Castaic Rd and Lake Hughes Rd, benefiting from high visibility and daily traffic exceeding 70,000 vehicles. The property's proximity to major attractions like Six Flags Magic Mountain, Castaic Lake, and the Castaic Aquatic & Sports Center further enhances its appeal. Adding to its value, a new 2024 lease agreement includes the installation of 32 Tesla EV charging stations. The asking price is $12,100,000. This represents a compelling investment opportunity with a projected 7% cap rate. The property offers large pylon signage along the I-5 freeway, maximizing brand visibility. This fully leased, renovated shopping center provides a stable and lucrative investment in a high-growth area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Castaic
- County
- Los Angeles
- State
- California
- Longitude
- -118.623
- Latitude
- 34.4978
