| Spectrum Commercial Real Estate announces the sale of two local properties

Spectrum Commercial Real Estate, Inc announced this month the sale of two commercial properties in Santa Clarita.

Old Road Historic Office Building

Senior Vice President Matt Sreden of Spectrum Commercial Real Estate, Inc., is pleased to announce the off-market sale of a landmark office building located at 25101 The Old Road, Santa Clarita, CA 91381.

This two-story, state-of-the-art office building, visible from Highway 5, is located along the main thoroughfare of The Old Road and boasts 23,388 square feet of office space. The facility is comprised of a diverse mix of 90 private offices, features contemporary architecture and is illuminated with abundant natural light.

Common areas and individual suites share panoramic views of the Santa Clarita Valley and the local hills of Towsley Canyon. The buyer, 360 Executive Suites SCV, has now acquired five properties in Santa Clarita, offering a total of 49,130 ​​square feet, which equates to 164 private suites in the Santa Clarita Valley.

Built in 1998, the new owner plans to modernize the building to better accommodate the increased demand for space for executive suites. When complete, this location is ideal for executive suite users looking to expand their reach and grow with Santa Clarita’s thriving business.

The building sold for $7,100,000.00 with Matt Sreden of Spectrum CR representing the buyer in the transaction.

For more information, contact Matt Sreden, Senior Vice President, Spectrum CRE.

medical building

Yair Haimoff, SIOR, Randy Cude, Andrew Ghassemi and Matt Sreden of Spectrum Commercial Real Estate, Inc., are pleased to announce the recent sale of Santa Clarita Medical Center, a high profile medical/dental building in Santa Clarita, California. .

Located at 23206 Lyons Avenue, the subject property is an approximately 37,759 square foot two-story medical/dental building situated on a parcel of approximately 65,122 square feet.

The property features a diverse mix of 24 professional medical suites, floor-to-ceiling window lines, an abundance of parking, and excellent street visibility. The medical center is along a major thoroughfare and less than 1.5 miles from the Henry Mayo Memorial Hospital.

According to the team, “In addition to the existing asset and location, the overall layout allowing for conversion from suites to condominiums lends intrinsic value to the property. Investors and users of medical buildings seek assets near major hospitals, and this property is a prime example.

With a dearth of availability of similar sized medical/dental suites for rent or sale in the area, this building presents a unique opportunity for the buyer to rent or sell the units individually as medical condos.

The property was sold for $11,300,000.00 with Spectrum CRE representing both parties.

Call the brokers for more information

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