23840 Copper Hill DrSanta Clarita, CA 91354

Property Details for 23840 Copper Hill Dr

Year built

2006

Lot size

7.84 AC

Property size (Sq ft)

74,515 SF

Property type

Retail properties

Property subtype

Lifestyle 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.

Location Insight

City

Santa Clarita

County

Los Angeles

State

California

Latitude

34.4625

Longitude

-118.556

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