AT&T and Western Dental

Lancaster, CA
This listing is no longer available.
This listing is currently in escrow.


Sold September 2022

Sale Price: $4,495,000

Cap Rate: 5.8%

Represented: Seller & Buyer

Location: Lancaster, CA


  • 2 freestanding pads, with AT&T and Western Dental
  • Located Buyer prior to going to market
  • Received multiple backup offers throughout marketing process

Please reach out for more information:

Tom Chichester / / 714-318-3955

Nick D'Argenzio / / 818-281-7893



Two (2) freestanding buildings on long-term NNN leases

Strong/National Tenants - The subject property is leased to AT&T and Western Dental, both well known national tenants, creating security for the investor

Historically stable asset / Proven location - AT&T has been at this location since 2006 and recently signed a new 5 year renewal

Located within a successful Grocery (Coming Soon) and CVS anchored shopping center - Creating top tier customer draw and strong tenant synergy

Ideally located at signalized, hard corner intersection of W Avenue J and 20th Street W - Over 58,800 vehicles per day at the intersection

Future Upside / Flexibility - The two (2) freestanding buildings currently sit on one (1) parcel. The new investor may explore a subdivision potentially allowing for two (2) separate parcels, allowing the investor the flexibility to sell and/or refinance one or both properties in the future at lower cap rates and higher values - Ask Listing Agent for more details

Strong Demographics - There are over 150,000 people living within a 5-mile radius of the subject property

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