Investment Overview

Marcus & Millichap is pleased to present 45216 10th St W, a rare multi-tenant shopping center in Lancaster, a suburban community of Los Angeles County. Built in 1968 and occupied by mostly long-term tenants all on month-to-month leases, which offers ultimate flexibility to an investor. This asset presents stable cash flow along with near term value add potential. The property totals 17,936 square feet of rentable building area on 86,031 square feet of land (1.97 acres). The shopping center is anchored by a laundry mat, located at the signalized corner of W Ave I and 10th St W with excellent visibility and accessibility. There is also a free-standing restaurant at the site, ample parking, and multiple access points. Nearby national tenants include: AutoZone, Starbucks, Burger King, In & Out, Panda Express, Family Dollar, Wendy’s, Walmart Supercenter, Home Depot, and Taco Bell. Ideally located within a couple of blocks from state Highway 14, this asset is surrounded by dense suburban housing, high earning residents, excellent schools, and an undersupply of competitive commercial retailers. Lancaster has improved sites ready for rapid development, large parcels for distribution centers, and a variety of multi-tenant spec and build-to-suit opportunities, all with significant price advantages. Located in Los Angeles County, approximately 50 miles north of Los Angeles, Lancaster is a charter city in the Antelope Valley of the western Mojave Desert in Southern California. As of the 2010 census it had a population of 156,633, and in 2019 the population was estimated at 157,601, making Lancaster the 33rd largest city in California. Lancaster is part of a twin city complex with its southern neighbor Palmdale, and together they are the principal cities within the Antelope Valley region.