Dr. Ray Arjang & Dr. Danielle Farzam Acquire Office Building In Palmdale For $2.4M
1008 West Avenue M 14
$2,400,000
$190/SF
Building Size
12,594 SF
Asset Type
Office
Closing
Jun 30, 2026
AI
A medical office building located at 1008 West Avenue M 14 in Palmdale was sold for $2,400,000. This asset comprises a total of 12,594 square feet, equating to a price per square foot of $190.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,400,000
- Buyer: Dr. Ray Arjang & Dr. Danielle Farzam
- Seller: Zac Cullen
- Broker: Josh Markowitz - Markowitz Commercial Real Estate
- Date of Sale: 06/30/2026
- Market: Palmdale
Josh Markowitz of Markowitz Commercial Real Estate facilitated the transaction, representing both the buyer and the seller. Upon completion of the sale, the seller entered into a six-month leaseback agreement, granting the buyer the opportunity to prepare and submit plans for their medical buildout.
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93