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Friday, Jun 2, 2023

Palmdale Retail Site Sells for $10.2 Million

Valuerock Investments Partners LLC has purchased a 54,942-square-foot retail property in Palmdale from HFC/PRP Palmdale LLC for nearly $10.2 million, or about $185 per square foot. Faris Lee Investments’ Jeff Conover and Christopher DePierro represented both the buyer and the seller. The single-story retail property at 40022 10th St. W., established in 2017, is currently occupied by national retailer Hobby Lobby, which has signed a lease through 2032. The greater retail site is anchored by Wal-Mart and Sam’s Club.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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