The property involved in the transaction is an office asset located at 44441 16th Street West in Lancaster. The property encompasses 19,062 square feet and was sold for $3,750,000, reflecting a price per square foot of $197. The sale was facilitated by Josh Markowitz of Markowitz Commercial Real Estate, representing both the seller, Helena & Stephen Leung, and the buyer in this portfolio sale. The office asset consists of sixteen office and medical office condos near Antelope Valley Hospital.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $3,750,000
• Square Footage: 19,062
• Address: 44441 16th Street West
• Market: Lancaster

Josh Markowitz of Markowitz Commercial Real Estate played a pivotal role in the transaction, serving as the broker for both the seller, Helena & Stephen Leung, and the undisclosed buyer. The sale of this office asset signifies a significant deal in the Lancaster market, showcasing the demand for office and medical office condos in proximity to Antelope Valley Hospital.