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11129 G Avenue

Hesperia, CA 92345

PRICE REDUCED

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-$225,000 (-10.98%)

$1,825,000

List Price

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1980

calendar_month Built

Property Description

FOR SALE: 7-Unit Industrial Commercial Property. 100% Occupied. Cap Rate 6.69%. Built in 1980 and is comprised of 1 building totaling ±17,100 SF on ±1.31 AC of land. Fully occupied, tenants are a mix between month-to-month and longer-term tenancy. Industrial is high in demand and with little vacancy, supply and demand have kicked in with rates increasing. Plans for solar are available. Current tenants are comprised of auto and light manufacturing. The Property is located in the industrial hub of Hesperia, CA in the High Desert. This is an ideal location for industrial and commercial business, surrounded by other mixed-use industrial, manufacturing, and general commercial. The Property is conveniently located between the two main arterials in the City. Hesperia continues to be one of the fastest growing cities in the US because of its affordable housing, pleasant desert climate, clean air, and breathtaking terrain. As coastal, inland logistics industrial spaces wane, the High Desert is becoming the next place to develop and do business. Hesperia and the High Desert are expected to grow tremendously over the next 10 years. Don't Delay. Seller open to carry paper with acceptable terms. Buyer to verify all.

Listing Information

List Price $1,825,000
Status Active
MLS HD24154378
Type Commercial
Subtype Industrial
Year Built 1980
Lot Size 56,063
Structure Size N/A
DOM 103
Courtesy Of Rigel Capital
Listing Agent Tony Scafidi DRE#01887228
Co-Listing Agent James Langley DRE#01438775

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

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Listing information courtesy of: Tony Scafidi, James Langley, Rigel Capital . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 26th, 2024 at 10:43 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.