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October 4, 2023
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LOS ANGELES COUNTY NEWS
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Palmdale Office Building Trades for $369/sf

2/23/23

A 58.1k sf, government-leased office building in Palmdale was acquired by an institutional real estate advisor in a recent $21.45 mil ($369/sf) transaction. The property was sold by San Francisco-based Catalyst Real Estate.

Built in 2008, the two-story, multi-tenant office building sits on 4.24 acres at 39115 Trade Center Dr. It features 5.5 parking spaces per 1k sf. The property is currently 94.5% leased to government entities focused on social work and higher education resources.

Mark Shaffer, Anthony DeLorenzo, Gerard Poutier and Bryan Johnson of CBREs Capital Markets and Investment Properties Group represented the seller in the deal.

Palmdale is in Northern Los Angeles County and offers immediate access to State Route 14, which connects Greater Antelope Valley to Los Angeles in just 45 minutes. 39115 Trade Center Dr. is adjacent to a new Amazon hub, minutes from Palmdale Regional Medical Center, and within a one-mile radius of 61 restaurants, 10 banking locations, eight grocery stores, and eight fitness centers.





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