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23460 Cinema Dr
Valencia, CA 91355
Valencia Entertainment Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
32,343 SF
Building Class
B
Year Built
1997
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.27
Lot Size
2.76 AC
Zoning
SCMX-C - Commercial
Parking
168 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
396’ on Cinema Dr

AMENITIES

  • Pylon Sign
  • Restaurant
  • Signage
  • Smoke Detector

ABOUT 23460 CINEMA DR , VALENCIA, CA 91355

The Valencia Entertainment Center is located on Cinema Drive between Valencia Boulevard and Bouquet Canyon Road and is adjacent to the Valencia Auto Mall, just blocks from Valencia City Hall and the Valencia Town Center. The entire area is completely built out and is the core retail, office, medical and automotive oriented retail zone for Valencia and the surrounding communities of Santa Clarita. The property is a destination retail, restaurant and entertainment oriented retail center built in 1997. The property has 13 suites of which all are leased making for a 100 percent physical occupancy. The largest tenant, Valencia Laser Blast occupies 10,400 square feet, accounting for 30 percent of the center, but only 24 percent of the income. This tenant invested approximately $600,000 in their own build out, and has become a thriving entertainment destination in this family friendly area. The balance of the tenancy includes long term successful restaurant tenants, Karma Indian Cuisine and Moon Wok Chinese that have been in the property since its construction, as well as several newer local and national tenants including Cosmo Prof Beauty Supply (a subsidiary of Sally Beauty), Cinema Veterinarian, Studio 1 Dance Academy and Bagger Sports, Valencias biggest independent sports team outfitter.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 2811-026-026
  • 2811-026-047
Land Assessment
$6,371,840
Improvements Assessment
$4,096,182
Total Assessment
$10,468,022
  • Listing ID: 10930682

  • Date on Market: 12/11/2017

  • Last Updated:

  • Address: 23460 Cinema Dr, Valencia, CA 91355

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