The for-sale sign is going up on one of Los Angeles’ long-running studio spaces.

Saticoy Studios — the Van Nuys facility once home to Let’s Make a Deal — has been listed for $18 million, Stagerunner has learned. The 59,000-square-foot complex, which sits on 1.68 acres in the San Fernando Valley, includes two soundstages and a cityscape façade.

The listing comes at a time when soundstage operators are reassessing their portfolios amid an industry-wide slowdown in production. Hackman Capital Partners, which owns Saticoy along with major sites like Television City, Radford Studio Center and Raleigh Studios, has opted to put the Van Nuys property on the block. The game show that anchored Saticoy for years has since relocated to Glendale’s Haven Studios.

In a telling move, marketing materials describe the property as “formerly a purpose-built film/TV soundstage” and highlight potential for industrial or recreational conversion. “We are targeting both types of buyers: those who would continue to operate it as a soundstage, and those with more traditional industrial uses in mind,” says CBRE senior vice president Sam Glendon, who is handling the sale. He adds that interest has split evenly between entertainment and non-entertainment buyers.

The sale underscores a broader reset. Even Raleigh Studios’ flagship Melrose Avenue lot — Netflix’s production home for Shonda Rhimes’ Shondaland, Barack and Michelle Obama’s Higher Ground, and Meghan Markle and Prince Harry’s Archewell — has seen a slowdown in activity. A recent Morningstar DBRS report cited cost-cutting, fewer greenlights, and post-strike market pressures as key headwinds.

Saticoy isn’t the only historic lot up for grabs. Occidental Studios, near downtown L.A. and also billed as the city’s oldest continuously operating facility, is currently seeking $45 million.

With streaming-era expansion cooling and studios recalibrating, the fate of smaller, legacy soundstages like Saticoy will be a bellwether for how L.A.’s production real estate market adapts to its next act.