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Listed by Paul Casilla • Lee & Associates
$ 3,600,000
Est. payment /mo
Active
16224 Koala Road Adelanto, CA 92301
9,450 SqFt
UPDATED:
07/26/2024 12:05 AM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 9,450 sqft
Price per Sqft $380
MLS Listing ID CRHD23222850
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1997
Lot Size 0.940 Acres
Property Description
Discover this investment opportunity with a Single Tenant NNN Investment, currently generating a monthly cash flow of ±$24,061.21. The lease, initiated in September 2020, extends through August 31, 2030, providing a solid seven years of lease term remaining. Enjoy the assurance of a 3.00% annual increase to the base rent, ensuring continued growth! The tenant has committed to the property through substantial improvements, and their approach includes collaboration with a consultant to execute planned enhancements and secure a Conditional Use Permit from the City of Adelanto. The tenant has consistently met rent obligations since the sixth month of the first year. With a lease duration, consistent cash flow, and tenant-driven property enhancements, this investment stands as a compelling prospect in the market. Don't miss out on the opportunity for a stable and thriving investment!
Location
State CA
County San Bernardino
Interior
Fireplace No
Building
Water Public
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