Charles Cui Acquires Development Site From Leo Polosajian & Paul Zerounian In Palmdale For $2.23M

A 4.15 acre development site located at 39150 10th Street West in Palmdale was sold for $2,230,410. The parcel has a total square footage of 180,600 and the sale price per square foot was $12.35. It included a conditional use permit for a multi-pad development featuring two retail buildings and three drive-throughs.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,230,410
• Address: 39150 10th Street West
• Market: Palmdale
• Square Footage: 180,600
• Price Per Square Foot: $12.35
• Buyer: Charles Cui
• Seller: Leo Polosajian & Paul Zerounian
• Broker: Josh Markowitz - Markowitz Commercial Real Estate

Markowitz Commercial Real Estate represented both the buyer and the sellers in this transaction. The involvement of these parties highlights the collaborative nature of real estate transactions, underscoring the role of brokerage firms in facilitating deals within the market.