Newmark has been exclusively retained to offer for sale the fee simple interest in Santa Clarita Commons (the “Project” or “Site”), a 91.5-acre development opportunity located in the Newhall submarket of Santa Clarita Valley, one of the fastest growing suburbs in the region. The Site offers ~53.0-66.0-acres of buildable site area and lends itself to a variety of potential uses including single family residential, build to rent, high-density multifamily, studio, and light industrial, representing a blank canvas opportunity for a developer. While entitlements for a large-scale studio project have been secured, the by-right zoning and revised local Housing Element will promote and expedite the entitlement process for residential uses.

Located in the greater Santa Clarita Valley, the Property offers developers the opportunity to design a placemaking development that will cater to the region's needs. Over the last decade, population has exploded, driven by growing TV production, life science and aerospace industries, which have brought well-heeled individuals to the region. This has substantially benefitted the growth of the single family home market, which has seen the homeownership rate climb to ~68% and median home prices increase by ~85% to $770,000 over the last ten years. New residents are continuing to gravitate to the area due to its competitive school districts, superior lifestyle amenities, convenient transit access, and business friendly environment.

As one of the largest infill development opportunities available, Santa Clarita Commons will allow an investor to gain immediate critical mass in one of Southern California’s most dynamic and high-growth markets. The Site resides in the Santa Clarita municipality, which has a pro-development legislation to ensure maximum use flexibility and ease of entitlements.

All inquiries should be directed to Newmark.

KATIE GAVIN

Analyst

t 310-407-6501

katie.gavin@nmrk.com 

GABE MUNSON

Associate

t 310-407-6562

gabe.munson@nmrk.com