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Thursday, Jun 1, 2023

Lancaster Retail Property Sells for $1 Million

Calabasas-based Marcus & Millichap has announced the sale of Lancaster Village, a 13,463-square foot retail property located at 1137 West Avenue I in Lancaster, which has sold to an undisclosed buyer for $1,025,000, according to James Brian Markel, regional manager of the firm’s Encino office. Senior Managing Director Investments Brandon Michaels at the Encino branch held the exclusive listing to market the property on behalf of the seller, AA Real Estate Investments.

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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