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17415 Catalpa Street

Hesperia, CA 92345
  • $3,350,000
  • STATUS: Active
  • ON SITE: 425 Days
  • ID#: HD23165398
UPDATED: 37 min ago
$3,350,000
  • 0
    BEDS
  • 2.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1987
County:

School Ratings & Info

Listing Agent(s): Tony Scafidi of Rigel Capital (760-813-3777) and James Langley of ()


Description

FOR SALE: 100% Occupied Industrial Commercial Complex. Last sold in the early 2000s, the Property was built in 1987 and is comprised of 3 buildings totaling 30,064 SF on 2.5 AC of land. Originally designed for 37 tenants, many tenants have expanded or have taken multiple units for their business growth. Fully occupied, almost all tenants are on month to month tenancy, allowing the opportunity for rental increases to current market values. Industrial is high in demand and with little vacancy, supply and demand have kicked in with rates increasing. The Seller is in the process of installing solar to the Property in order to eliminate the majority of electricity expense. This will be paid outright by Seller. Current tenants are comprised of auto, light manufacturing, office and adult entertainment. The Property is located in the industrial hub of Hesperia, CA in the High Desert. This is an ideal location for industrial and commercial business, surrounded by other mixed-use industrial, manufacturing, and general commercial. The Property neighbors the BNSF rail and is conveniently located between the two main arterials in the City. Hesperia continues to be one of the fastest growing cities in the US because of its affordable housing, pleasant desert climate, clean air, and breathtaking terrain. As coastal, inland logistics industrial spaces wane, the High Desert is becoming the next place to develop and do business. Hesperia and the High Desert are expected to grow tremendously over the next 10 years. Don't Delay. Seller open to carry paper with acceptable terms. Buyer to verify all.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-03T00:28:42.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
www.swellproperty.com/homes/143072434
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17415 Catalpa Street Hesperia, CA 92345

  • Price: $3,350,000
  • Status: Active
  • On Site: 425 Days
  • Updated: 37 min ago
  • ID#: HD23165398
0
Beds
0
Baths
0
½ Baths
2.5
Acres
1987
Built
Neighborhood:
HSP - Hesperia
County:
San Bernardino
Area:
HSP - Hesperia
Property Description
FOR SALE: 100% Occupied Industrial Commercial Complex. Last sold in the early 2000s, the Property was built in 1987 and is comprised of 3 buildings totaling 30,064 SF on 2.5 AC of land. Originally designed for 37 tenants, many tenants have expanded or have taken multiple units for their business growth. Fully occupied, almost all tenants are on month to month tenancy, allowing the opportunity for rental increases to current market values. Industrial is high in demand and with little vacancy, supply and demand have kicked in with rates increasing. The Seller is in the process of installing solar to the Property in order to eliminate the majority of electricity expense. This will be paid outright by Seller. Current tenants are comprised of auto, light manufacturing, office and adult entertainment. The Property is located in the industrial hub of Hesperia, CA in the High Desert. This is an ideal location for industrial and commercial business, surrounded by other mixed-use industrial, manufacturing, and general commercial. The Property neighbors the BNSF rail and is conveniently located between the two main arterials in the City. Hesperia continues to be one of the fastest growing cities in the US because of its affordable housing, pleasant desert climate, clean air, and breathtaking terrain. As coastal, inland logistics industrial spaces wane, the High Desert is becoming the next place to develop and do business. Hesperia and the High Desert are expected to grow tremendously over the next 10 years. Don't Delay. Seller open to carry paper with acceptable terms. Buyer to verify all.
Exterior Features

Entry Level 1 Fencing Chain Link Lot Features Desert FrontLot Over 40000 SqftLevel Roof FlatMetal Sign On Property YN No

Property Features

Additional Parcels YN No Common Interest None Gross Scheduled Income 263331 Insurance Expense 4302 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalOwner May CarryPrivate Financing Available Maintenance Expense 5979 Net Operating Income 138764 Operating Expense 124567 Other Expense 95706 Property Sub Type Industrial Special Listing Conditions Standard Vacancy Allowance 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-03T00:28:42.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
 
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Swell Property
1967 N. Coast Hwy 101
Encinitas CA, 92024
Listing Agent(s): Tony Scafidi of Rigel Capital (760-813-3777) and James Langley of ()