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$3,600,000
Est. payment /mo
0.94 Acres Lot
UPDATED:
09/30/2024 06:43 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
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
Interior
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
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Listed by Paul Casilla • Lee & Associates • 760 475-4669
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908