Lancaster Mall is trading for $45 million

Valley Central at 44400 Valley Central Way in Lancaster (Google Maps, Getty)

A 375,500 square foot mall in Lancaster has sold for $45.3 million, or $121 per square foot.

The Valley Central exchanged hands at 44400 Valley Central Way, the San Fernando Valley Business Journal reported. The buyer and seller were not disclosed.

The 35-acre mall is part of a larger 715,000-square-foot mall anchored by a Super Walmart.

Valley Central, which is 68% leased, includes flagship stores Marshalls, Staples, Michaels and 99¢ Only.

Other tenants include Burlington, Planet Fitness, Five Below, Chuck E. Cheese, Black Angus Steakhouse, Party City, GameStop, Sola Salon Studios, Starbucks, Sport Clips, Sally Beauty Supply, America’s Tires, Jersey Mike’s Subs, Vans, Leslie’s Pool Supplies and Uptown Cheapskate.

Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the unidentified seller.

Valley Central is visible from Highway 14. Some 162,000 people live within five miles of the center, while the average household within a mile of its stores earns nearly $90,000 a year, according to Newmark data.

— Dana Barthelemy

Comments are closed.