Single-Story Office
For Sale
Contact for pricing
1140 Commerce Center Dr, Lancaster, CA 93534
Single-story office building is fully occupied by an AAA credit tenant and features a newly upgraded insulated roof system.
Property Size51,292 SF
Price / SF$316.81
Days on Market215
Property Features for 1140 Commerce Center Dr
General Information
Standard status
Active
Size
51,292 SF
Property subtype
OFFICE
Listing Agency:
Systems Real Estate Management, Inc.
(818) 500-4900
Listed By:
Anthony Maniscalchi
(818) 606-8606
Source:
Moodyscre
Added: Feb 4
Changed: Aug 11
Last Checked: Jul 23 at 4:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Systems Real Estate Management, Inc.
Investment Insights
Based on property information with market context.
This single-story office building is fully occupied by an AAA credit tenant. The property has undergone significant improvements and upgrades, including the installation of a new insulated roof system.
The building is located at 1140 Commerce Center Dr in Lancaster, CA (93534).
With its fully leased status and recently upgraded building envelope, the property offers a turnkey office asset for buyers seeking stabilized occupancy.
The building is located at 1140 Commerce Center Dr in Lancaster, CA (93534).
With its fully leased status and recently upgraded building envelope, the property offers a turnkey office asset for buyers seeking stabilized occupancy.
Key Highlights
- Single‑story office building fully occupied by an AAA credit tenant
- Building has received significant improvements and upgrades
- New insulated roof system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$817,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,350,860
$16.4M
Cap Rate 7%
$11,679,186
$11.7M
Cap Rate 9%
$9,083,811
$9.1M
Market Conditions
NOI Build-Up for 51,292 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.35M $26.40/SF
− Vacancy
−$264.1K −$5.15/SF
EGI
$1.09M $21.25/SF
− OpEx
−$272.5K −$5.31/SF
NOI
$817.5K $15.94/SF
Area
Lancaster, CA
Vacancy
19.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,350,860
Cap Rate 7%
$11,679,186
Cap Rate 9%
$9,083,811
Alternative Uses
Best Use
Office B
$11.68M
$10.22M – $13.63M
NOI $817,543 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.11M
$14.10M – $18.80M
NOI $1,127,800 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 93534, CA
43,906
Population
16,343
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
19.0 sq mi
ZIP Area
2,311
Density / Sq Mi
$58,891
Median Household Income
$44,566
Median Earnings
$1,513
Median Rent
$339,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office building is fully occupied by an AAA credit tenant and features a newly upgraded insulated roof system.
Where is this office building located?
The property is located at 1140 Commerce Center Dr Lancaster, CA.
What is the asking price?
The asking price for this property is $16,250,000.
What are key features of this property?
This property features: Single‑story office building fully occupied by an AAA credit tenant; Building has received significant improvements and upgrades; New insulated roof system
