A retail property located at 418 West Avenue J in Lancaster was sold for $2,400,000. The asset spans 30,500 square feet, resulting in a price per square foot of $78. The transaction was completed in a market characterized by opportunities for value enhancement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,400,000
• Address: 418 West Avenue J
• Market: Lancaster
• Square Footage: 30,500
• Price per Square Foot: $78
• Buyer: Rami Darghalli
• Seller: Avi Marciano
• Broker: Josh Markowitz - Markowitz Commercial Real Estate

This transaction highlights the involvement of local buyer Rami Darghalli, who aims to invest in the property to realize its potential. Seller Avi Marciano was represented by broker Josh Markowitz, who noted the quick escrow closure occurring within two weeks.