SCV News | Iconic Valencia building sold for almost $ 2.25 million

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Uploaded:, Monday, January 10, 2022

By press release

Jim Mangassarian, a Reality Executives Real Estate broker, represented the seller in the recent sale of an iconic building in the heart of Valencia.

The property is located on the corner of Singing Hills Drive and McBean Parkway, a short walk from Henry Mayo Newhall Hospital, and also minutes from restaurants, shops, Valencia Town Center shopping mall, Hyatt Regency Valencia, grounds golf course and easy access to Interstate 5, State Route 126 and State Route 14.

The building, which is located at 24501 McBean Parkway, has been offered for sale on and off for over a decade by local and outside agents / brokers, but without success. The property is a large image, well known and highly visible building near Henry Mayo, one story, open concept with floor to ceiling windows.

Sold shortly after listing and sold at full price to a medical group. There was also a long list of interests from doctors who were waiting for their opportunity to purchase the building in question, due to its proximity to the hospital, the definite need and the high demand for independent buildings in Valencia.

The sale was a funded owner-user transaction. The property sold for $ 2,249,000.00

Call Jim Mangassarian for more information at (661) 904-9383.

About Jim Mangassarian and the Santa Clarita Property Managers:
Jim Mangassarian received his real estate license in May 1982, his office is located in Santa Clarita, CA, is a full service broker / associate with Realty Executives who provide clients with personalized service, local knowledge, experience, integrity and above all, always has the best interests of customers at heart. Jim’s full range of services includes: Commercial / Retail, Office and Industrial Ads and Sales, Residential, Multi-Residential and Vacant Land Ads and Sales, Investor Representation, User Owners, 1031 trade and commercial rental. For more information, contact Jim directly at 661-904-9383.


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