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Joseph Ramani Of PacWest Management Sells Retail Building In Lancaster For $3.9M

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SOLD
$3,900,000

California

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Retail254,000 SF
Sold 12/15/2025
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SOLD

Joseph Ramani Of PacWest Management Sells Retail Building In Lancaster For $3.9M

2062 West Avenue J & 2072 West Avenue J

See Similar Deals
Retail254,000 SF
Sold 12/15/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$15
Total Square Footage:254,000 SF
Transaction Type:Sale

A multi-tenant retail building located at 2062-2072 West Avenue J in Lancaster was sold for $3,900,000. The property spans 127,000 square feet, resulting in a price per square foot of $31, and is part of the Antelope Valley Plaza, which is grocery- and drug-anchored.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,900,000
  • Sale Date: 12/15/2025
  • Seller: Joseph Ramani - PacWest Management
  • Buyer's Representative: Samer Khalil - Newmark
  • Seller's Representatives: Ayda Kach & Sean Cox - Hanley Investment Group
  • Square Footage: 127,000
  • Price per Square Foot: $31

Hanley Investment Group facilitated the transaction, marking the third property sold at the center. This sale was completed to a private investor from Orange County, achieving a record price per square foot for the Antelope Valley, contributing to total sales at the center of $15.28 million.

Players

Samer Khalil
10 deals$210.6M volume
BROKER

Sean Cox
Hanley Investment Group
24 deals$266M volume(949) 585-7648
BROKER

Ayda Kach
Hanley Investment Group
2 deals$10.9M volume(949) 585-7649
BROKER

SELLER

Details

SOLD
IMAGE: Joseph Ramani, Samer Khalil, Ayda Kach & Sean Cox DATE: 12/15/2025 ADDRESS: 2062-2072 West Avenue J MARKET: Lancaster ASSET TYPE: Retail SELLER: Joseph Ramani - PacWest Management BUYER'S REP: Samer Khalil - Newmark (@Newmark) SELLER'S REP: Ayda Kach & Sean Cox (@SeannCox) - Hanley Investment Group (@HanleyInvestmentGroup) SALE PRICE: $3,900,000 SF: 127,000 ~ PPSF: $31 NOTE: Hanley Investment Group arranged the $3.9 million sale of a multi-tenant retail building at Antelope Valley Plaza in Lancaster, marking the third property sold at the 127,000‑sf grocery- and drug-anchored center. The sale, to a private Orange County investor, achieved a record price per square foot for the Antelope Valley, bringing total center sales to $15.28 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88