The property asset involved in this transaction is the Valley Central Shopping Center, located at 44400 Valley Central Way in Lancaster, Calif. The asset spans 122,657 square feet and was sold for a total of $27,100,000, equating to a price per square foot of $221. The transaction reflects investor interest in suburban retail assets within Los Angeles County, driven by various favorable economic factors.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,100,000
• Square Footage: 122,657
• Address: 44400 Valley Central Way
• Market: Lancaster
• Buyer: Dollinger Lancaster
• Seller: Jahan Moslehi - Bridge33 Capital

The transaction involved Dollinger Lancaster acquiring the shopping center from Jahan Moslehi, who represents Bridge33 Capital in this deal. This acquisition highlights the ongoing demand for retail properties in suburban areas as investors seek opportunities in markets with growing populations and robust employment rates.