16224 Koala Road , Adelanto, CA 92301
Adelanto, CA 92301
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!
Details
| MLS | HD23222850 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1997 |
| Days On Site | 287 |
| Listing Provided By | Lee & Associates 760-241-5211 | Paul Casilla |
Features
| SQ Feet | 9,450 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | Adelanto Industrial Park |
| Acreage | 0.94 |
Market Activity 92301
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Adelanto |
| Zip Code | 92301 |
| Area | ADL Adelanto |
| Listing VS Median (in 92301) | |
Price: $3,600,000 low | high Med: $392,000 SqFt: 9,450 low | high Med: 1,430 $ / SqFt: $381 low | high Med: $274 On Site: 287 low | high Med: 36.500000 | |