MARCUS & MILLICHAP BROKERS $11 MILLION SALE OF COMMERCIAL CENTER

LANCASTER, CALIF. — Gregory Mills of Marcus & Millichap has completed the sale and acquisition of Flying Tiger Self Storage, a 666-unit self-storage facility, and Tiger Landing Retail Center, an 8,558-square-foot retail building, for $11 million or $94.56 per square foot. Located in Lancaster, the properties encompass 116,325 rentable square feet. Additonally, the retail center portion features a 2,420-square-foot convenience store. The buyers were Richard A. Patterson, Richard J. Patterson, Norris Whitmore and William Evans. The seller was Raznick Family Ventures.