PacWest Management Sells 47,650 Square Foot Retail Property In Victorville For $7 Million

A retail property located at 14598 7th Street in Victorville has been sold for $7,000,000. The property, known as Victor Town Center, spans 47,650 square feet and has a price per square foot of $147. It is currently leased to various tenants, including dd’s DISCOUNTS, a VA outpatient clinic, and features a 16-stall Tesla Supercharger.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,000,000
• Square Footage: 47,650
• Address: 14598 7th Street
• Market: Victorville
• Seller: PacWest Management
• Brokers: Ayda Kach & Sean Cox - Hanley Investment Group; Greg Bedell - Progressive Real Estate Partners
• Buyer: Unrepresented private investor from Los Angeles

Hanley Investment Group played a key role in facilitating this all-cash transaction, assisting the seller, PacWest Management, in securing the sale. The involvement of brokers Ayda Kach, Sean Cox, and Greg Bedell highlights a collaborative effort to complete this retail property deal.