Auto Body Shop on HUGE Lot in Palmdale!

$1,200,000

39006 20th St E 

# of Units: 1

Cap Rate: N/A

Building SF: 4,800

 Price/SF: $250
    Price/Lot SF: $20  

Year Built: 2009

Market CAP Rate: 4.37%

Lot SF: 59,721

Zoning: LCM11/2-B1

Description

This is a very special opportunity to acquire a newly built and well-maintained industrial asset in Palmdale!  

 

39006 20th St E is an industrial building just off the CA-14 Fwy in Palmdale! The subject property consists of two buildings a 4,000 SF warehouse and an 800 SF office/reception area that includes a bathroom and central A/C. The subject property is zoned LCM11/2-B1 and near the Palmdale Regional Airport and manufacturing plants like Boeing and Lockheed Martin. There is potential to build up to 7,200 SF on the undeveloped portion of the property. Depending on the material used either concrete or metal the price to build could range from $40- $65/SF! Whether you use metal or concrete block that is less than $500,000 to build a 7,200 SF space. Additionally, the current owner is willing to sell their Auto Body and Paint business - *SOLD SEPARATELY*

Location

Prime Palmdale industrial location.  The subject property sits less than two miles from the CA-138 freeway a major east-west highway in the High Desert that connects to other state routes, like CA -14 and CA - 2. The Palmdale Regional Airport is less than 2 miles from the property. In turn, from the subject property, it is an easy commute to all Palmdale has to offer and other cities like Lancaster, Victorville, Santa Clarita, and San Fernando Valley!

Property Highlights

  • HUGE 59,721 SF Lot!

  • Delivered Vacant

  • Room to Expand/ Build 

    • Possibility to Build up to 7,200 SF​
  • 2 Existing Buildings Totaling 4,800 SF​

    • 4,000 SF Warehouse Built in 2009​

    • 800 SF Office Built in 2009

  • Carport & Shed Provides Additional  Parking + Storage
  • Open Layout Offers Buyers Multitude of Options/Uses

  • Appx. 30 Parking Spaces

  • Property is Gated & Well Maintained

  • 3 Phase Power is Installed

  • No Gas Meter (hooked up & ready)

  • Easy Acces to CA-138, CA-14, & CA-2

  • Next to Flood Control Water Basin

  • Located 5 min away from Palmdale Regional Airport, Air Force Base, & Lockheed Martin Aeronautics!

  • Zoned LCM11/2-B1

  • Near Industrial/Manufacturing Plants

  • Seller may Consider Selling Auto Body + Paint Business *sold separately* 

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