16224 Koala RD Active Save Request In-Person Tour Request Virtual Tour
Adelanto,CA 92301
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID HD23222850
Year Built 1997
Lot Size 0.940 Acres
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
Area Adl - Adelanto
Zoning Adelanto Industrial Park
Interior
Laundry None
Exterior
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Building
Lot Description Rectangular Lot,Yard
Story 1
Water Public
Others
Special Listing Condition Standard