20663 Santa Clara StSanta Clarita, CA 91351

This Santa Clarita, CA industrial property presents a compelling value-add investment opportunity. Located at 20663 Santa Clara St, 91351, this 2.17-acre site boasts four buildings totaling 11,300 square feet (assessor's records), with a net rentable area of 33,175 square feet (owner-provided). The property currently houses 10 tenants, with a diverse mix of businesses including auto repair, landscaping, recycling, and electrical/plumbing supply distribution. Five units will be vacant at closing, and six are on month-to-month leases. Four leases expire within four years. Additional non-conforming structures and trailers are included in the sale. The property features a desirable corner lot with fenced and gated access and three entrances for excellent ingress/egress. The asking price is $5,995,000, with a current NOI of $277,520 and a pro-forma NOI of $720,054, representing a current cap rate of 4.63% and a pro-forma cap rate of 12.01%. The property is zoned BPSC, offering flexibility for various uses. Santa Clarita's business-friendly environment, including no business license fees, adds further investment appeal. This property offers significant upside potential for an investor seeking a multi-functional space with diverse tenant occupancy. The property includes 15 units in total, built in 1957, and is a single-story structure.