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16224 Koala Road

Adelanto, CA 92301
  • $3,600,000
  • STATUS: Active
  • ON SITE: 303 Days
  • ID#: HD23222850
UPDATED: 22 min ago
$3,600,000
  • 0
    BEDS
  • 0.94
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1997
County:

School Ratings & Info

Listing Agent(s): Paul Casilla of Lee & Associates (760-241-5211)


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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-07T18:32:33.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/145938197
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16224 Koala Road Adelanto, CA 92301

  • Price: $3,600,000
  • Status: Active
  • On Site: 303 Days
  • Updated: 22 min ago
  • ID#: HD23222850
0
Beds
0
Baths
0
½ Baths
0.94
Acres
1997
Built
Neighborhood:
ADL - Adelanto
County:
San Bernardino
Area:
ADL - Adelanto
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!
Exterior Features

Entry Level 1 Lot Features Rectangular LotYard

Property Features

Additional Parcels YN No Common Interest None Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Property Sub Type Industrial Special Listing Conditions Standard Utilities Electricity ConnectedSewer ConnectedWater Connected Water Source Public Zoning Adelanto Industrial Park



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-07T18:32:33.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Paul Casilla of Lee & Associates (760-241-5211)