$3,600,000
Active MLS # HD23222850 | Listed by Paul Casilla with Lee & Associates
Active MLS # HD23222850 | Listed by Paul Casilla with Lee & Associates
16224 Koala Road is a $3,600,000, 9,450 square foot home on a 0.94 acre lot located in Adelanto, CA.
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 | None |
Exterior Features | Standard Electricity Connected Sewer Connected Water Connected |
Land Type | Rectangular Lot Lot Features - Yard |
Water Source | Public |
Attribution Contact | 760 475-4669 |
Property Type | Commercial Sale |
Property Sub Type | Industrial |
Style | Full Service |
Year Built | 1997 |
HOA Fee | $0.00 |
Taxes | $0.00 |
County | san bernardino |
Neighborhood |
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