Commons at Valencia
New to Market | Value-Add Valencia Office Campus w/ Prominent Tenant Roster
Marketing description
GROWING COMMUNITY FUELS RETURN-TO-OFFICE
►RETURN-TO-OFFICE BRIGHT SPOT | Valencia continues to attract tenants and employees back to the office due to its appeal as a live‑work‑play destination and its ability to draw talent from the neighboring San Fernando Valley and Ventura County through sustainable reverse‑commute patterns.
►MOMENTUM IN THE OFFICE MARKET | Valencia stands as the premier office submarket in the Santa Clarita Valley, outperforming neighboring Tri‑Cities and the San Fernando Valley. The market is anchored by a 3.2 million square foot inventory, a low 11.2% vacancy rate, and approximately 50,000 square feet of positive absorption in 2025.
►EXPANDING POPULATION & JOB GROWTH | Santa Clarita is projected to add roughly 6,800 residents and 7,400 jobs over the next five years, supporting sustained demand for suburban employment space. Growth reinforces long-term occupancy fundamentals for well-located office assets.
Investment highlights
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VALUE-ADD VALENCIA OFFICE CAMPUS WITH PROMINENT TENANT ROSTER
►HIGH-IMAGE OFFICE CAMPUS WITH PROMINENT TENANT ROSTER | ±157,189 SF, two-building office campus, situated on ±8.96 acres in the heart of the Santa Clarita Valley with a strong mix of professional service tenants including Wells Fargo, New York Life Insurance Company, Edward Jones and HASA among others. The campus is extremely well positioned and has consistently captured the largest and most prominent tenants migrating into the market.
►REMAINING LEASE-UP OPPORTUNITY | The campus currently sits at ±79% occupancy, allowing an investor to take advantage of the leasing velocity and grow NOI by an additional $769K.
►MANAGEABLE SUITE SIZES & TENANT IMPROVEMENT REQUIREMENTS | The remaining vacancies average 3,260 SF, with new tenants since 2022 requiring an average TI package of ±$39 PSF offering a moderately low-cost, low-effort path to capture existing tenant demand and achieve efficient lease-up. Across all new, expansion, and renewal deals completed since 2022, tenant improvement costs have averaged just ±$6 PSF across the campus.
CENTRAL HUB FOR AMENITIES, GROWING TALENT POOL, & REGIONAL CONNECTIVITY
►FREEWAY-CONNECTED & CENTRALLY LOCATED | Strategic Valencia location offers direct regional access via I-5, SR-126, and I-14 connecting Valencia to the greater Santa Clarita Valley, San Fernando Valley, and Ventura Counties. This access enhances tenant recruitment and provides a deep employee talent pool.
►AMENITY-RICH LIFESTYLE ACCESS | The property benefits from proximity to major retail, dining and entertainment at Westfield Valencia Town Center, Westridge Village, and Six Flags Magic Mountain all within 3-miles of the campus, creating an attractive environment and amenity base for employees and clients.
►HEALTHCARE PROXIMITY & CONVENIENCE | Nearby Henry Mayo Newhall Hospital as well as strong healthcare presence highlighted by Kaiser Permanente and UCLA are part of nearly 900K SF of medical office space within a 2-mile radius from the campus. These anchors reinforce Valencia’s role as a full-service employment center and a strong example of the brands the area attracts.
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