PALMDALE, CALIF. — Faris Lee Investments has arranged the sale of a newly constructed, single-tenant retail building located at 40022 10th St. West in Palmdale. Southern California-based HFC/PRP Palmdale sold the property to Valuerock Investments Partners for $10.5 million.

Built in 2017, the 54,942-square-foot building is located within the Destination 0-Eight Power Center. Hobby Lobby fully occupies the building.

Jeff Conover and Christopher DePierro of Faris Lee Investments represented the seller and buyer in the deal.