Large 59k SF Lot + Warehouse in Palmdale

$1,200,000

39006 20th St E 

# of Units: 1

Current Cap Rate: 4.37%

Building SF: 4,800

Price/SF: $250

Year Built: 2009

Market CAP Rate: 4.37%

Lot SF: 59,721

Zoning: LCM11/2-B1

Description

Welcome to your next best investment. This is a very special opportunity to acquire a newly built and well-maintained industrial asset in Palmdale!  

 

Income Properties LA is pleased to present for sale an exciting land + warehouse opportunity. The subject property is well over 1 acre and features two newly constructed buildings. The first building 

 

1+ acre auto body repair usiness opportunity in Palmdale. The subject property sits on a LARGE 59,721 SF lot and includes two structures. The first structure is 4,000 SF and features 4 rollup doors was built in 2009 The first structure is a 4,000 SF built in 2009

 

 

and an 800 SF office/reception area with bathroom 

 

 

The property is well over 59,000 SF and includes two structures that were built in 2009. The first building is a 4,000 SF warehouse that features 4 rollup doors. The second building is an 800 SF office/reception area with a bathroom. The current owner operates his Auto Repair & Paint Shop at the property and is willing to sell the business separately from the sale of the land. $450,000

 

The property is gated and there are approximately sixteen (30) parking spaces. The subject property is located in an industrial area of Palmdale near plants like Boeing, Lockheed & Martin, Northrop Gruman, & Palmdale Airport. 

There are eighty-three (83) gated, open parking spaces located on both sides of the property.  This is a prime investment opportunity that is already operating at a 4.74% existing Cap Rate, with room to grow to a 7.16% Cap Rate at market rents.  The subject property is located in an industrial area of North Hollywood (north of Sherman Way and east of Woodman Ave).

Location

Prime Palmdale industrial location.  The subject property sits less than two miles from the CA-138 freeway that connects to 

 

 

The subject property sits less than two miles from the CA-170 freeway which connects to the US-101, I-5, and 134, 118 and 405 Freeways.  In turn, from the subject property, it is an easy commute to all of the San Fernando Valley, Burbank, Santa Clarita Valley, and Los Angeles.  More specifically, this location provides seamless access to many of the San Fernando Valley's main thoroughfares including Woodman Ave, Saticoy St, Coldwater Canyon Ave, Laurel Canyon Blvd, Roscoe Blvd, Van Nuys Blvd, Sherman Way, and Victory Blvd.

Property Highlights

  • HUGE 59,000 + SF Lot 

  • 4,000 SF Warehouse

  • 800 SF Office + Bathroom

  • Zoned LCM11/2- B1 

  • 3 Phase Power Installed

  • Potential to Build on Lot!

  • Approximately (30) Parking Spaces

  • Less than two miles from the CA-138

  • Current use Auto Repair & Paint Shop

  • Located near manufacturing plants like Lockheed Martin Aeronautics, Boeing. 

  • Less than 3 miles from Palmdale Airport​

  • Auto Repair & Paint Business- Sold Separately! 

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