Cadence Capital Sells Retail Property In Lancaster For $7.28M With Seller's Reps Vanessa Haddad & Alan Krueger

The retail asset located at 1100 West Avenue K in Lancaster has been sold for $7,284,000. The property spans 12,800 square feet, resulting in a price per square foot of $569. This transaction represents a significant milestone in the Lancaster market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,284,000
• Square Footage: 12,800
• Price per Square Foot: $569
• Seller: Cadence Capital
• Buyer's Representative: Joon Lee - NegotiateLease.com
• Seller's Representatives: Vanessa Haddad & Alan Krueger - Marcus & Millichap

This transaction was accompanied by a notable achievement, as indicated by the seller's representatives, highlighting that the price per square foot established is the highest recorded for any retail multi-tenant property exceeding 5,000 square feet sold in Lancaster, CA.