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12012 Air Expy Adelanto, CA 92301

Sponsored
For Sale
$600,000

5-Unit Strip Center, High Occupancy, Great Potential

Property size:
3,991 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a fully occupied, five-unit retail strip center totaling 3,991 square feet, situated on a 0.67-acre lot at 12012-12020 Air Expressway, Adelanto, CA 92301. The property boasts a strong 100% occupancy rate with five tenants generating a Net Operating Income (NOI) of $33,660, resulting in a compelling 5.61% capitalization rate. The asking price is $600,000, translating to $150.34 per square foot. Built in 1972, this single-story property features four buildings and 25 parking spaces. The current lease type is gross, with a multi-tenancy structure. Below-market rents offer significant potential for future increases and property value appreciation. The property benefits from its strategic location near the Southern California Logistics Airport, ensuring high visibility and substantial traffic volume—over 12,000 cars daily pass the corner lot. The "BP" (Business Park) zoning allows for a diverse range of commercial and industrial uses, including flex space, presenting further redevelopment opportunities. This property is ideal for investors seeking a stable, income-generating asset with considerable growth potential. The property includes four separate land parcels, one 0.52-acre corner lot and three additional parcels totaling 2.25 acres, located behind the strip mall, which are available for separate purchase. The property's APN is 0459-241-27-0000. Detailed information on individual parcel pricing is available upon request.

Property Features for 12012 Air Expy

General Information

Property type
Lifestyle centers
Square Feet
3,991 SF
Lot Size
29,185 SF

Building Details

Year Built
1972
Buildings
4
Stories
1
Units
5

HighLights

  • Corner lot with high visibility.
  • Fully occupied five‑unit strip center totaling 3,991 square feet.
  • High traffic count exceeding 12,000 cars daily.
  • Potential for industrial redevelopment.
  • BP (Business Park) zoning allows for flexibility.
  • Strong cash flow with redevelopment upside.
Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Suggested Use

Restaurant Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Kitchen & Bath

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

Location Insight

  • Map
  • Local Demand
City
Adelanto
County
San Bernardino
State
California
Longitude
-117.4023256
Latitude
34.572272

FAQs

What type of property is this?
Lifestyle center - 5-Unit Strip Center, High Occupancy, Great Potential
Where is this lifestyle center located?
The property is located at 12012 Air Expy Adelanto, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Corner lot with high visibility.; Fully occupied five-unit strip center totaling 3,991 square feet.; High traffic count exceeding 12,000 cars daily.
More about this property
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