Hanley Investment Group arranged the sale of an 8,119-sq-ft fully leased retail shop building adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster for $3.9M. Representing the seller PacWest Management Inc., the brokerage procured multiple qualified offers and closed escrow with a non-1031 exchange buyer experienced in the High Desert market. The property’s diverse tenant mix, including restaurants and service tenants, drove strong interest and pricing. This sale marked the third retail property disposition at the Plaza this year, bringing total sales at the center to over $15M and demonstrating continued investor appetite for well-located, income-producing retail assets in Southern California. See full story here.
