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Thursday, Sep 28, 2023

Real Estate Quarterly: Antelope Valley

Industrial vacancy doubled to 1.4 percent in the third quarter, while lease rates rose to 55 cents – still a bargain compared to other Valley submarkets, according to Colliers International data. Tenants gave back 33,000 square feet and another 77,000 square feet is under construction. In the office market vacancy shrunk to 18.6 percent. Main Events -Olympic Partners purchased the 200-unit Racquet Club apartment complex at 44045 15th St. W. in Lancaster for $21 million. The seller was Strategic Realty Capital of Santa Monica. -Lancaster Auto Mall at 43301 12th St. W. in Lancaster sold to an entity called 43301 12th Street W for $16.5 million. The seller of the nearly 39,000-square-foot property was JCH Automotive Properties. -The self-storage facility now named Purely Storage at 1209 E. Avenue I in Lancaster sold for $10.5 million to Ronald Barber in Fairfield. The sellers were Lester and Susan Rushing.

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