Rami Darghalli Purchases Lancaster Plaza Retail Property From Ibrahim Selim For $3.28M

The property asset involved in the transaction is a retail space located at 45216 10th Street West, Lancaster, California, with a sale price of $3,280,000. The asset has a total square footage of 26,650 and a price per square foot (PPSF) of $123. The property is described as a value-add, multi-tenant retail opportunity and is shadow anchored by McDonald's and Auto Zone, sold at a 4.78% CAP rate at 57% occupancy.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,280,000
• Square Footage: 26,650
• Price Per Square Foot: $123
• Buyer: Rami Darghalli
• Seller: Ibrahim Selim
• Broker: Josh Markowitz - Markowitz Commercial Real Estate

The deal was facilitated by Josh Markowitz from Markowitz Commercial Real Estate, who represented the seller. The buyer, Rami Darghalli, intends to improve and stabilize the shopping center following the acquisition.