Freestanding NNN Office
For Sale
Contact for pricing
9236 California City Blvd, California City, CA
Freestanding NNN office building with corporate guaranteed tenant.
Property Size1,753 SF
Lot Size0.22 Acres
Price / SF$159.73
Days on Market1220
Property Features for 9236 California City Blvd
General Information
Standard status
Active
Size
1,753 SF
Lot size
0.22 Acres
Property subtype
OFFICE
Listing Agency:
KW Commercial | Central California
(559) 705-1000
Listed By:
Jared Ennis
(559) 302-8698
Source:
Moodyscre
Added: Jun 28, 2023
Changed: Oct 25
Last Checked: Oct 28 at 10:27AM
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 KW Commercial | Central California
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding professional office building is available for purchase. The property is a corporate-guaranteed Hall Ambulance location operating under an absolute triple net (NNN) lease with zero landlord responsibilities. The tenant has operated at this location for decades through their initial term and recently extended their lease until September 30, 2028. The building has a size of approximately 2,758 square feet and is currently producing a rate of $1,466 per month NNN. Historically, the rent has experienced 10% increases per year.
Key Highlights
- Corporate Guaranteed Hall Ambulance Tenant
- Absolute Triple Net (NNN) Lease with Zero Landlord Responsibility
- Tenant Recently Extended Lease Until September 30, 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,143
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,860
$402.9K
Cap Rate 7%
$287,757
$287.8K
Cap Rate 9%
$223,811
$223.8K
Market Conditions
NOI Build-Up for 1,753 SF
Gross rent
$30.5K $17.40/SF
− Vacancy
−$3.6K −$2.08/SF
EGI
$26.9K $15.32/SF
− OpEx
−$6.7K −$3.83/SF
NOI
$20.1K $11.49/SF
Area
Kern County, CA
Vacancy
11.95%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,860
Cap Rate 7%
$287,757
Cap Rate 9%
$223,811
Alternative Uses
Best Use
Office B
$287.8K
$251.8K – $335.7K
NOI $20,143 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$374.5K
$327.7K – $436.9K
NOI $26,214 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Freestanding NNN office building with corporate guaranteed tenant.
Where is this office building located?
The property is located at 9236 California City Blvd California City, CA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Corporate Guaranteed Hall Ambulance Tenant; Absolute Triple Net (NNN) Lease with Zero Landlord Responsibility; Tenant Recently Extended Lease Until September 30, 2028
