1140 Commerce Center Dr - Retail FOR SALE


Lancaster, CA 93534
$18,500,000 USD
818-427-9934
1140 Commerce Center Dr, Lancaster, CA for Sale
$18,500,000 USD
Retail - FOR SALE
1/6
null | 5.75% Cap Rate

1140 Commerce Center Dr
Lancaster, CA 93534


OVERVIEW

Located in the Antelope Valley region of northern Los Angeles County, 1140 Commerce Center Drive in Lancaster is a fully leased investment property occupied by the Los Angeles County Department of Children and Family Services, an institutionally recognized tenant with an AAA credit rating. 51,292 Square Feet of building on 4.84 acres of land area providing for 195 Parking for both employees and visitors. The building has received significant improvements and upgrades to meet all Title 24 compliance including a new insulated roof system and under roof insulated applications for enhanced building efficiency. A new electrical system of 2000 amps will power the building's needs together with 22 separate HVAC units with a combined capacity of 180 tons. The building is further improved with the energy monitoring and controls with the InteliGlas System linking all HVAC units via AI for maximum efficiency. New plumbing and ADA compliant restrooms have also been provided.

FOR SALE DETAILS

PRICE

$18,500,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sol Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

195

LAND DETAILS

LAND ACRES

4.82 AC

LAND SF

209,959 SF

ZONING

CPD

APN/PARCEL ID

3125-021-039

ASK ABOUT THIS PROPERTY

Mike ManiscalchiSystems Real EstateMore Info
818-427-9934

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Mike ManiscalchiSystems Real EstateMore Info
818-427-9934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.