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Medical/Retail Plaza Sells for $7 Million in Palmdale, CA

520-540 West Palmdale Plaza, Palmdale, California

Palmdale, CA – August 29, 2023 – Executive Managing Director Yair Haimoff, SIOR of Spectrum Commercial Real Estate, Inc., is pleased to announce the recent sale of a medical/retail Plaza located at 520-540 West Palmdale Plaza, Palmdale, California, for a purchase price of $7 million.

Built in 1992, this medical/retail plaza covers a total area of 27,787 square feet and is strategically positioned within a prime medical district. It is conveniently located just minutes away from both Palmdale Regional Medical Center and USC Keck Medicine Medical Plaza.

This presented itself as the ideal investment opportunity for our client, featuring a property that enjoys a remarkable 98% occupancy rate and is positioned within one of California’s most rapidly expanding urban areas. Despite encountering several unforeseen twists during the transaction, Yair Haimoff successfully orchestrated an agreement that proved advantageous for all parties engaged.

Spectrum Commercial Real Estate’s Property Management division will assume responsibility for managing the property.

Call brokers for more information.