Hanley Investment Group Orchestrates $11.4M Sale Of Smart & Final Extra!-Occupied Building In Lancaster

Hanley Investment Group Real Estate Advisors has facilitated the sale of two single-tenant properties within Antelope Valley Plaza in Lancaster for a total of $11.4 million. The first property is a 32,000-square-foot building occupied by Smart & Final Extra! The second property is a 24,000-square-foot building occupied by dd’s Discounts. Both properties were separately acquired by private 1031-exchange buyers.

Summary of transaction details

• Property Type: Retail
• Sale Price: $11,400,000
• Square Footage: 56,000
• Price per Square Foot: $204
• Address: 2058 West Avenue J, Lancaster
• Market: Lancaster

The sellers in this transaction were PacWest Management and Evergreen Development Co., represented by Alexander Moore, Bill Asher, Kevin Fryman, and Sean Cox from Hanley Investment Group. The buyers, who completed the purchase as part of a 1031 exchange, were not disclosed.