The properties involved in this transaction are two multi-tenant pads adjacent to the Walmart Supercenter in Lancaster, California. The sale was finalized for $6,000,000. The total square footage of the fully occupied buildings is 13,760 square feet, with the larger Pad B building encompassing 7,500 square feet and housing tenants such as AT&T, Papa John’s, Advance America, and Mi Ranchito Mexican Bar & Grill. The second building, Pad G, occupies 6,260 square feet, with tenants including Panda Express, Smoke Rings, GameStop, and It’s a Grind. The address of Pad B is 1721 E Avenue J.

Summary of transaction details:

• Property Type: Multi-tenant Pads
• Transaction Amount: $6,000,000
• Address: 1721 E Avenue J, Lancaster, CA, 93535
• Market: Lancaster
• Buyer: Private Investor
• Seller: Wood Investments Companies
• Buyer's Representative: James Schindler
• Seller's Representatives: Andrew Cunningham (Hanley Investment Group), Eric Wohl (Hanley Investment Group - Real Estate Advisors)
• Year Built: 2003
• Total Square Footage: 13,760

Eric Wohl, Ed Hanley, and Andrew Cunningham represented the sellers in this transaction, while James Schindler represented the buyer. The sellers included The Niki Group and Wood Investment Cos, and the private buyer is based in Los Angeles.