Markowitz Commercial Real Estate Brokers $3.75M Office Portfolio Sale In Lancaster

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.