$3,600,000
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16224 Koala Road Adelanto, CA 92301
Industrial
Residence
Beds
Baths
9,450
Sq. Ft.
0.94
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 inc...rease 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!
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MLS#
HD23222850
Property Type
Industrial
Status
Year Built
1997
Square Feet
9,450
sq. ft
Lot Size
0.94
Sewer
Sewer Connected
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