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    124 W Ovington St Lancaster, CA 93534

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    For Sale
    $1,080,000

    Renovated industrial property leased to PSC Group.

    Property size:
    4,000 SF
    Lot size:
    0.22 Acres

    Property Features for 124 W Ovington St

    General Information

    Size
    4,000 SF
    Lot size
    0.22 Acres

    Source: CBRE Agent Richard Ramirez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Industrial Investment Property

    This is a renovated industrial property with a size of approximately 4,000 square feet. Renovations, completed in the first quarter of 2025, include a new building slab, a new restroom, and new paint. The property is under a 63-month NNN lease to PSC Group, running from July 1, 2025, through September 30, 2030, at a rate of $1.40 NNN, with annual increases of 3%. The tenant, PSC Group, intends to use the facility for rail car service and storage operations related to Rio Tinto mining activities. The property is offered as an NNN leased investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AR Auto Body ... Auto Body Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Extra Space Storage, Hyde Park Storage Unit, Hyde Park Storage Unit Near Lancaster, U-Haul and Storage, Purely Storage

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.1312506
    Latitude
    34.6914454

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    FAQs

    What type of property is this?
    Warehouse - Renovated industrial property leased to PSC Group.
    Where is this warehouse located?
    The property is located at 124 W Ovington St Lancaster, CA.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: - NNN leased investment property with an attractive 6.225% Cap Rate.; - Long-term NNN lease in place from July 1, 2025 through September 30, 2030.; - Tenant is PSC Group, utilizing the facility for rail car service and storage related to Rio Tinto mining.
    (818) 907-4639
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    124 W Ovington St Lancaster, CA 93534
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    Lancaster, CA 93534
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 W Ovington St Lancaster, CA 93534
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