Hanley Arranges Sale of Two Single-Tenant Properties Totaling $11.4 Million in Southern California

Lancaster, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant properties situated within Antelope Valley Plaza in Lancaster. Individual, private 1031-exchange buyers acquired the properties in separate transactions totaling $11.4 million. Smart & Final Extra! occupies the first building, which comprises 32,000 square feet. Situated on 1.9 acres, the property was built in 1979 and renovated in 2023. Occupied by dd’s Discounts, the second property features 24,000 square feet situated on 1.6 acres. Other tenants at Antelope Valley Plaza include CVS/pharmacy, AT&T Wireless, Supercuts and Hallmark. Sean Cox, Bill Asher, Alexander Moore and Kevin Fryman of Hanley represented the seller, a partnership between PacWest Management and Evergreen Development Co., in the sale of the first property. The team also arranged the second transaction on behalf of the seller, PacWest.