$ 3,600,000
16224 Koala RD Adelanto, CA 92301
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$ 3,600,000
Est. payment | /mo
9,450 SqFt
$ 3,600,000
Est. payment | /mo
9,450 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 9,450 sqft
Price per Sqft $380
MLS Listing ID HD23222850
HOA Y/N No
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
Area Adl - Adelanto
Zoning Adelanto Industrial Park
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Lot Description Rectangular Lot, Yard
Story 1
Water Public
Others
Tax ID 3129261720000
Special Listing Condition Standard
Listed by Paul Casilla • Lee & Associates • 760 475-4669
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Kelly McLaughlin
REALTOR® | Lic# 01475708