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Single-Tenant Collision Repair Facility

40360 La Quinta Palmdale, CA 93551

Claim this Listing
For Sale
$5,195,000

COMMERCIAL - Palmdale, CA

Property size:
18,970 SF
Lot size:
2.35 Acres
Price / SF:
$273/SF
Added:
May 11, 2026
Days on Market:
62
Last Refresh:
Jul 11 at 1:06 am

Property Features for 40360 La Quinta

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
PDM4
Standard status
Active
APN
3005-045-003
Size
18,970 SF
Lot size
2.35 Acres

Utilities

Utilities
Natural Gas Available
Cooling system
Central Air

Building Details

Year built
2007
Floors in Building
1
Building materials
Stucco
Roof type
Tile

Listing agent Kenneth K Terracciano License #01254688

Listing office RE/MAX All-Pro 43832 20th St. W, CA

Listing date May 11, 2026

MLS# 26003775

Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This single-tenant net leased industrial automotive collision repair facility is occupied by Caliber Collision. The property includes a specialized paint and refinishing infrastructure, repair bays, office and customer reception areas, secured storage, and automotive service components designed for long-term collision repair use.

The site totals approximately 2.35 acres and includes secured yard space. The offering is located at 40360 La Quinta Ln in Palmdale, identified as being in an expanding industrial corridor, with access and visibility described in the remarks.

The lease is described as a modified NNN structure with 2% annual rent increases and a corporate guaranty, extending through February 2028 with one additional five-year extension option. Tenant reimburses property taxes, while ownership maintains limited structural responsibilities. The remarks also indicate utilities are reportedly extended to the site, and there may be a potential expansion area that could support additional development subject to buyer verification, approvals, and permitting.

Key Highlights

  • Approximately 18,970 SF specialized collision repair facility on approximately 2.35 acres
  • Single‑tenant net leased property occupied by Caliber Collision under a modified NNN lease
  • Lease extends through February 2028 with one additional five‑year extension option and 2% annual rent increases

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $489.4k $25.80
− Vacancy −$26.9k −$1.42
EGI $462.5k $24.38
− OpEx −$138.8k −$7.31
NOI $323.8k $17.07
18,970 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$4.63M
$4.05M – $5.40M (±1% cap)
NOI $323,755 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$3.16M
$2.77M – $3.69M (±1% cap)
NOI $221,358 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$8.01M
$7.01M – $9.34M (±1% cap)
NOI $560,686 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Spa & Massage Center Real Estate Agency Restaurant Nail Salon Building Supply Electrical Service Gym & Fitness Center Kitchen & Bath Showroom Bakery Pharmacy

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

FAQs

What type of property is this?
Auto shop - Single-tenant net leased collision repair facility with repair bays, office/reception space, and a secured yard.
Where is this auto shop located?
The property is located at 40360 La Quinta Palmdale, CA.
What is the asking price?
The asking price for this property is $5,195,000.
What are key features of this property?
This property features: Approximately 18,970 SF specialized collision repair facility on approximately 2.35 acres; Single‑tenant net leased property occupied by Caliber Collision under a modified NNN lease; Lease extends through February 2028 with one additional five‑year extension option and 2% annual rent increases
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