3121 E Avenue I - Freestanding FOR SALE


Lancaster, CA 93535
$1,100,000 USD
805-709-4828
3121 E Avenue I, Lancaster, CA for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/47
null | 6.12% Cap Rate

3121 E Avenue I
Lancaster, CA 93535


HIGHLIGHTS

  • diversified multi tenant property
  • National Tenant
  • Room for additional buildings

OVERVIEW

Rare opportunity to own this desirable multiple tenant investment property in Lancaster. All tenants are on modified gross leases. American Medical Response, Verizon wireless cellular antenna and Dura-Bilt homes have been in this location for many years. This property has a stable diversified income stream for an investor. The current annual NOI is roughly $67,000, which makes it a solid 6% cap rate property.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Distribution, Showroom, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,115 SF

ZONING

LRCPD

APN/PARCEL ID

3154-010-006

ASK ABOUT THIS PROPERTY

Jim Kelsey CCIMCentury 21 MastersMore Info
805-709-4828

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Jim Kelsey CCIMCentury 21 MastersMore Info
805-709-4828

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