6.38% Cap on In-Place 60% Vacant | 14464 Atstar Dr
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6.38% Cap on In-Place 60% Vacant 14464 Atstar Dr
24,780 SF 100% Leased Retail Building Victorville, CA 92395 £1,963,675 (£79/SF) 6.38% Net Initial Yield
Investment Highlights
- High Ceilings / Well Powered / Newer Construction
- True Value Added Opporunity - Investor Looking to Stablize Asset
- Up to 90% Financing for Owner User Buyers
- Shadow Anchored L-Shaped Strip Center by Box Big Building (For Sale) and Costco
Executive Summary
10 Unit L shaped strip center investment opportunity or owner user, shadow anchored by Costco and Freeway (Interstate 15). This offering is part of a portfolio assemblage play that can be purchased together or separately. This property has tremendous upside with the significant vacancy factor (60%), this asset fully stabilized could fetch above market returns with a double digit Cap Rate.
Seller is motivated to meet the market and allow an investor to stabalize the asset or an owner user to move into contiguous vacant space to qualify for 90% SBA financing.
Seller is motivated to meet the market and allow an investor to stabalize the asset or an owner user to move into contiguous vacant space to qualify for 90% SBA financing.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
24,780 SF
Building Class
B
Year Built
1989
Price
£1,963,675
Price Per SF
£79
Net Initial Yield
6.38%
NOI
£125,234
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.30
Lot Size
1.88 AC
Opportunity Zone
Yes
Zoning
SP - Specific Plan
Parking
40 Spaces (1.61 Spaces per 1,000 SF Leased)
Frontage
226 ft on Atstar Dr
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0396-192-49 | Improvements Assessment | £1,505,219 |
| Land Assessment | £623,709 | Total Assessment | £2,128,928 |
PROPERTY TAXES
Parcel Number
0396-192-49
Land Assessment
£623,709
Improvements Assessment
£1,505,219
Total Assessment
£2,128,928
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6.38% Cap on In-Place 60% Vacant | 14464 Atstar Dr
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