1441-1443 Frazier Mountain Park Rd

NAI Capital Investment Services Group (ISG) has been retained by Ownership as the exclusive marketing adviser for the fee simple interest in 1441-1443 Frazier Mountain Park Road Lebec, CA (in the area of Frazier Park in Kern County), CA (“the Property”). The property is comprised of two fully leased metal warehouses, totaling 9,000 SF (one 5,000 SF building and one 4,000 SF building) situated on a 8.23 Acre lot (358,498 SF) across two parcels of land and two points of ingress/egress through Frazier Mountain Park Road and Cuddy Canyon Road. This is a 7.69% Cap Rate on existing income at 100% occupancy that also has the opportunity for additional development to build
and lease up like-kind warehouses on Parcel 2 to significantly increase the income and return. 1441-1443 Frazier Mountain
Park Road is a rare value-add investment/development opportunity with a land basis of under $5/PSF - which is below market for industrial land in this market.
With a true in-place Cap Rate of 7.69% on existing income and expenses and taking into account re-assessed property taxes at the new purchase price, this is a highly lucrative opportunity for investors, developers as well as Owner/Users. This deal is one of a kind because it has several exit strategies and scenarios depending on the nature of the Buyer. This is a covered land play that will cover carrying costs should a buyer take advantage of the fact most of the income is generated by 1 parcel, while parcel 2 is ripe for development towards additional metal structure warehouses to replicate the income from Parcel 1. This deal is also a great 1031 exchange option and even Owner/user opportunity.