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1/02/20
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A 22.8k sf multi-tenant office building in Lancaster sold for $6.15 mil, or $270/sf. The building, Ionian Plaza, is located at 42225 10th Street W. Built in 2004, the single-story multitenant office building is situated on a 1.95-acre lot.
The property has excellent street visibility on 10th Street W. The building is in a high-traffic, densely populated area of the Antelope Valley. The property was 100% leased at the time of the sale to four tenants ranging in size from 1.7k sf to 15.9k sf, including the Social Security Administration which occupies 73% of the building.
Tristan Greenleaf with NAI Capital’s Investment Services Group represented the seller, A.J. Eliopulos Commercial/ Industrial Development Inc, in the transaction. The buyer was 10835 Camarillo Apartments LLC.
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