23840 Copper Hill Dr Santa Clarita, CA 91354
- Lifestyle centers
- 74,515 SF
- 7.84 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 23840 Copper Hill Dr
- Year built
- 2006
- Lot size
- 7.84 lot acres
- Property size
- 74,515 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Tesoro Village, a premier 74,515 square foot shopping center in Santa Clarita, CA, presents a compelling investment opportunity. This Class B, single-story property boasts a 98.31% occupancy rate and a strong NOI of $2,281,000, yielding a 5.56% cap rate. Anchored by Albertsons on a long-term lease (approximately 7 years remaining with six 5-year options and a 10% rent increase in July 2025), the center features a diverse mix of national and local tenants including Jersey Mike's, Great Clips, and Movita Juice Bar. Built in 2006 and fully remodeled in 2023, the property sits on a 7.84-acre lot (341,687 square feet) with 353 parking spaces and excellent visibility along Copper Hill Drive. The average shop size is 1,396 square feet, ideal for a variety of uses. The property's location in the affluent Valencia submarket of Los Angeles County, within the high-barrier-to-entry Santa Clarita market, ensures strong tenant demand and long-term stability. The average tenancy length exceeds 13 years, with less than 9% of leases expiring in 2024, 5% in 2025, and 3% in 2026. The asking price is $41,500,000, with private financing options available. The property's APN is 2810-001-060, 2810-001-061, and is zoned LCC2. The land value is $131 per square foot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Clarita
- County
- Los Angeles
- State
- California
- Longitude
- -118.556
- Latitude
- 34.4625
