2340 Barstow Rd - Freestanding FOR SALE


Mojave, CA 93501
$2,395,000 USD
661-304-2521
2340 Barstow Rd, Mojave, CA for Sale
$2,395,000 USD
Freestanding - FOR SALE
1/3
null | 7.6% Cap Rate

2340 Barstow Rd
Mojave, CA 93501


HIGHLIGHTS

  • Credit Tenant (County of Kern)
  • Department of Human Services (Nearly $1B Annual Budget)
  • Lease Expiration April 2033
  • 7.6% Cap Rate

OVERVIEW

Single Tenant leased investment with Credit Tenant (County of Kern) with 8+ years left on the lease term. Tenant is the Department of Human Resources for the County of Kern (Annual budget of $989MM), this is a must needed location for the Tenant servicing the east Kern region. Located down the street from the Mojave Space Port with 60+ aerospace companies are located such as Virgin Galactic, Stratolaunch, and Scaled Composites. Tenant has invested millions in the location and area. Asking price of $2,395,000 at a 7.6% cap rate with average annual increases of 2.57%/year. Call for more details.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.6% Cap Rate | Credit Tenant with 8+ Years

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

C-2

APN/PARCEL ID

236-273-14-00-0

ASK ABOUT THIS PROPERTY

Alex Balfour, SIORCushman & WakefieldMore Info
661-304-2521

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Alex Balfour, SIORCushman & WakefieldMore Info
661-304-2521

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