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NAI Capital Investment Services Group Completes Net-Leased Investment Sale in Lancaster, CA

04/03/2017

Los Angeles, CA, Monday, April 03, 2017– Executive Managing Director Chris Jackson, Executive Vice President Todd Lorber and Vice President Tristian Greenleaf with NAI Capital’s Investment Services Group completed a $4.65 million investment sale of a retail property occupied by Learn4Life charter school in Lancaster, Calif. The seller, 20TH Street Properties, was represented by Jackson, Lorber and Greenleaf in the transaction. The buyer was a private investor.

The property is located at 44130 20th Street West, Lancaster in the Northeast section of Los Angeles County in the Antelope Valley. The Palmdale-Lancaster urban area has consistently ranked among the top 25 fastest growing cities in the United States over the last 25 years. The Learn4Life building was built in 2008. It is a 20,060 square foot, fully air conditioned, freestanding learning facility siting on approximately 1 acre of land. The property was leased to Learn4Life charter school through 2025. The sale price reported was approximately $232 per square foot at a 7.0% cap rate. 

Learn4Life is a constantly growing network of public charter schools offering a free high school diploma program.  Their mission is to connect students to one of our partnered resource centers located throughout California. There, students receive a personalized learning plan and one-on-one attention in a safe environment so they can focus on learning at a pace that fits their schedule.

Jackson said, “This is an excellent long-term investment for a local buyer that understands this market. The investor got a great asset with a credit worthy tenant that will provide a steady income stream at a great rate of return.  Our investment team is seeing a tremendous amount of demand from local investors looking for similar deals.” 

“Demand remains strong for single-tenant triple net investments. This was a good local deal with a great cap rate. Usually an investor would need to look outside of California to get a similar cap rate on a quality asset,” Lorber added.

About NAI Capital

NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 375 offices and 6,700 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.

NAI Capital Brokerage CA BRE #00806840.

To learn more, visit www.naicapital.com

About NAI Global

Founded in 1978, NAI Global is a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals located throughout North America, Latin America, Europe and Asia Pacific. The firm manages over 380 million square feet of property on behalf of its clients, globally. The NAI Global Capital Markets Group serves the largest institutional owners of and investors in commercial real estate.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com.     

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NAI Capital

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