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Sunday, Mar 3, 2024

Newhall Retail Center Sells for $2.5 Million

A multi-tenant retail property in Newhall has sold in an all-cash transaction for $2.45 million, or $389 a square foot. Located at 25057-25067 Peachland Ave., the Santa Clarita Valley site is situated on a 23,087-square-foot parcel, part of a larger shopping center anchored by a Smart & Final, Union Bank and U.S. Postal Service branch. The property has 6,297 square feet of retail space. Yair Haimoff and Andrew Ghassemi, commercial real estate advisors with Spectrum Commercial Real Estate Inc., represented the buyer, which CoStar Group identifies as Santa Monica-based entity Peachland Properties Inc. Tim Crissman, Aaron Avila and Dean Cox of RE/MAX Crissman Commercial of Santa Clarita represented the seller, Satin Trust. Founded by Haimoff in 2018, Spectrum is headquartered in Valencia.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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