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Hanley Investment Group Real Estate Advisors and Progressive Real Estate Partners arranged the sale of Victor Town Center, a three-tenant net-leased retail asset in Victorville, for $7 million. The property is located at 14598 7th St. and is fully leased to a mix of national and institutional-grade users, including dd’s DISCOUNTS, a division of Ross Stores, an S&P 500 and Fortune 500 company, a Department of Veterans Affairs Outpatient Clinic, and a 16-stall Tesla Supercharger station.
The seller, PacWest Management Inc., engaged a joint team from Hanley and Progressive to market the property. Hanley was represented by VP Ayda Kach and SVP Sean Cox, while Progressive Real Estate Partners was represented by SVP and managing director Greg Bedell, CCIM. According to the brokerage team, the marketing strategy emphasized the strength of the property’s junior-box tenancy and its position within the High Desert retail landscape.
The buyer was an all-cash private investor based in Los Angeles, who represented themselves in the transaction. The acquisition adds to the buyer’s existing holdings in Victorville, as they already own other properties in the city. By closing with an all-cash purchaser, the seller was able to execute a clean transaction without financing contingencies.
Kach noted that the team focused on a targeted campaign that highlighted the performance and dominance of junior-box retailers in the High Desert subregion to bolster investor interest. The process generated multiple offers from both private investors and buyers pursuing 1031 exchanges, demonstrating active demand for net-leased retail properties backed by a mix of discount retail, federal government tenancy, and EV infrastructure.
The Victor Town Center sale underscores continued investor appetite for stabilized, multi-tenant retail assets with credit-backed rent rolls in secondary markets. The tenant lineup, combining a national discount retailer, a federal outpatient clinic, and a Tesla Supercharger station, positions the center as a diversified income stream for the new owner while providing essential retail, healthcare, and charging services to the surrounding community.
The post Hanley, Progressive Arrange $7M Sale of Victor Town Center in Victorville appeared first on CRE Market Beat.
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