$1,825,000
11129 G AVE Hesperia, CA 92345
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$1,825,000
Est. payment /mo
1.29 Acres Lot
Price Dropped by $50K
11129 G AVE Hesperia, CA 92345
UPDATED:
11/26/2024 10:43 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID HD24154378
HOA Y/N No
Year Built 1980
Lot Size 1.287 Acres
Property Description
FOR SALE: 7-Unit Industrial Commercial Property. 100% Occupied. Cap Rate 6.69%. Built in 1980 and is comprised of 1 building totaling ±17,100 SF on ±1.31 AC of land. Fully occupied, tenants are a mix between month-to-month and longer-term tenancy. Industrial is high in demand and with little vacancy, supply and demand have kicked in with rates increasing. Plans for solar are available. Current tenants are comprised of auto and light manufacturing. The Property is located in the industrial hub of Hesperia, CA in the High Desert. This is an ideal location for industrial and commercial business, surrounded by other mixed-use industrial, manufacturing, and general commercial. The Property is conveniently located between the two main arterials in the City. Hesperia continues to be one of the fastest growing cities in the US because of its affordable housing, pleasant desert climate, clean air, and breathtaking terrain. As coastal, inland logistics industrial spaces wane, the High Desert is becoming the next place to develop and do business. Hesperia and the High Desert are expected to grow tremendously over the next 10 years. Don't Delay. Seller open to carry paper with acceptable terms. Buyer to verify all.
Location
State CA
County San Bernardino
Area Hsp - Hesperia
Interior
Fireplace No
Laundry None
Exterior
Fence Block, Chain Link, Wrought Iron
Roof Type Flat,Metal
Building
Lot Description Desert Front, Lot Over 40000 Sqft, Level
Story 1
Water Public
Others
Tax ID 0415231100000
Acceptable Financing Cash, Cash to New Loan, Conventional, Owner May Carry, Private Financing Available
Listing Terms Cash, Cash to New Loan, Conventional, Owner May Carry, Private Financing Available
Special Listing Condition Standard
Listed by Tony Scafidi • Rigel Capital • 760-912-7143