NAI Capital Completes Multitenant Office Investment Sale in Lancaster, CA
Los Angeles, CA – December 31, 2019 – Vice President Tristan Greenleaf with NAI Capital’s Investment Services Group completed the sale of a 22,790 square foot multitenant office building in Lancaster, California. Tristan represented the seller, A.J. Eliopulos Commercial/ Industrial Development, Inc., in the transaction. The buyer was 10835 Camarillo Apartments, LLC. The property sold for $6,150,000 or $270 per square foot.
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 1,720 to 15,930 square feet, including the Social Security Administration which occupies 73% of the building.
Tristan said, “The demand for long-term government leased investment property is holding strong.”
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 6,000 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 #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 6,000 local market professionals, managing in excess of 1.15 Billion square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
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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