16224 Koala Road, Adelanto, CA 92301
-
Listed Price :
$3,600,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1997
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!
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
16224 Koala Road |
| City |
Adelanto |
| State |
CA |
| Zip |
92301 |
| County |
San Bernardino |
| Listing Agent |
Paul Casilla DRE #01881506 |
| Courtesy Of |
Lee & Associates |
| List Price |
$3,600,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Industrial |
| Structure Size |
N/A |
| Lot Size |
40,959 |
| Year Built |
1997 |
Listing information courtesy of: Paul Casilla, Lee & Associates. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 25th, 2024 at 4:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
