$ 3,600,000
16224 Koala Road Adelanto, CA 92301
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Paul A Casilla • Lee & Associates
$ 3,600,000
Est. payment /mo
New
16224 Koala Road Adelanto, CA 92301
UPDATED:
07/25/2024 05:53 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID HD-23222850
Originating Board Victor Valley MLS
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!
Location
State CA
County San Bernardino
Zoning Adelanto Industrial Park
Exterior
Utilities Available Sewer Connected, Electricity Connected
Building
Lot Description Yard, Rectangular Lot