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Del Amo Motorsports Acquires Retail Property In Victorville For $5.8M From Don Lager

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SOLD
$5,800,000

California

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Retail86,628 SF
Sold 06/06/2025
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Property Image
SOLD

Del Amo Motorsports Acquires Retail Property In Victorville For $5.8M From Don Lager

14444 Atstar Street

See Similar Deals
Retail86,628 SF
Sold 06/06/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$67
Total Square Footage:86,628 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 14444 Atstar Street in Victorville. The sale was finalized at a price of $5,800,000, encompassing a total square footage of approximately 86,628. The price per square foot stands at $66.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,800,000
  • Buyer: Del Amo Motorsports
  • Seller: Don Lager
  • Brokerage: Kidder Mathews
  • Date of Sale: 6/6/2025
  • Previous Occupant: Howard's Furniture
  • Vacancy Period: Fully vacant since January 2025

The deal was facilitated by a team of brokers including Dane Garson, Jay Martinez, and Elizabeth Clark, who effectively repositioned the asset and navigated the complexities of zoning changes and city approvals to secure a committed buyer in a competitive market.

Players

Jay Martinez
41 deals$145.3M volume(310) 658-3375
BROKER

Elizabeth Clark
Kidder Mathews
58 deals$181.6M volume(310) 740-7283
BROKER

Dane Garson
Kidder Mathews
6 deals$16.9M volume(949) 922-2861
BROKER

Kidder Mathews
BROKERAGE

Details

SOLD
IMAGE: Dane Garson, Jay Martinez & Elizabeth Clark DATE: 6/6/2025 ADDRESS: 14444 Atstar Street MARKET: Victorville ASSET TYPE: Retail BUYER: Del Amo Motorsports (@DelAmoMotorsports) SELLER: Don Lager BROKERS: Dane Garson (@DaneGarscre), Jay Martinez (@JayMartinezKidder) & Elizabeth Clark (@ElizabethClark_CRE) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $5,800,000 SF: 86,628 ~ PPSF: $66 NOTE FROM BROKER: Our team successfully closed on a ±86,600 SF retail box shadow-anchored by Costco with an LA-based buyer who moved quickly and decisively. Previously occupied by Howard’s Furniture since 2017, the space went fully vacant in January 2025. We repositioned the asset, reignited market momentum, and ultimately secured a buyer willing to take on zoning changes and city approvals to get the deal done

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
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