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12/19/25
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An 8.1k sf, a multi tenant shop building adjacent to Smart & Final Extra! in Lancaster was purchased by an OC-based private investor for $3.9 mil ($481/sf).
The building sits on a 0.42 acre parcel adjacent to Smart & Final Extra! at 2062-2072 West Avenue J within Antelope Valley Plaza, a 127k sf, neighborhood grocery and drug anchored shopping center. The building is fully leased to a diverse mix of internet resistant restaurant tenants, including Pho Stop, Sub Machine, Boba Tea, Salvadorian Restaurant, La Ramadita, and The Best Ceviche.
Antelope Valley Plaza draws more than 1.5 million customers annually, according to Placer.ai, and has seen substantial traffic growth following the opening of Smart & Final Extra! in October 2023. The shopping center is ideally located at the signalized intersection of West Avenue J and 20th Street West, which sees more than 58,800 vehicles per day.
Ayda Kach and Sean Cox with Hanley Investment Group Real Estate Advisors represented the seller, PacWest Management Inc, a privately held retail real estate investment firm and developer based in Los Angeles. The buyer was repped by Samer Khalil of Newmark.
According to Kach, this was the third property sale at Antelope Valley Plaza as part of a break up strategy to maximize value for the seller. The transaction achieved a record price per square foot in the Antelope Valley in the past 12 months, bringing total sales at the center to $15.28 mil.
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