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Freestanding NNN Corporate Guaranteed Property

9236 California City Blvd California City, CA 93505

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Freestanding NNN property with corporate guaranteed tenant until August 2023.

Type:Office
Property size:
1,753 SF
Lot size:
0.22 Acres
Price / SF:
$159.73/SF
Added:
May 22, 2023
Days on Market:
1150
Last Refresh:
May 12 at 8:24 pm

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 office C21 Commercial

Listing date May 22, 2023

Source Crexi

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 C21 Commercial


Investment Insights

Based on property information with market context.

This freestanding commercial-zoned building is a corporate-guaranteed Hall Ambulance location. The tenant has operated at this location for decades and recently extended their lease until August 31, 2023. The property is a ±2,758 square foot professional office building producing a current rate of $3,588 per month NNN. Historically, the rent has increased by 10% per year. An investor can extend with the existing tenant in September 2023, offering an upcoming CAP Rate of 6.75%. The building includes multiple private rooms, a kitchen and dining area, and private restrooms. It is positioned on 0.22 acres of land with a private rear parking lot, a well-maintained yard, and street parking. Hall Ambulance inked a new lease in 2021 and is in their first corporate-guaranteed lease extension through 2023. The tenant has full licensing in place to operate at the location and completed a remodel when moving in. Hall Ambulance is the 9-1-1 paramedic provider for 94% of Kern County. It was the first local ambulance service to provide paramedic service (1975); implementing Kern County’s first critical care transport program (2009); the Company’s Communications Division assuming dispatch of 100% of all requests for medical aid throughout Kern County (2015). Hall Ambulance is known for providing high-quality advanced life support and basic life support care.

Key Highlights

  • Corporate Guaranteed Hall Ambulance Tenant: Provides stability.
  • Absolute Triple Net (NNN) Lease: Zero landlord responsibilities.
  • Upcoming 6.75% CAP Rate: Offers a strong return on investment.

Local Financial Insights For Office B

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 $30.5k $17.40
− Vacancy −$3.6k −$2.08
EGI $26.9k $15.32
− OpEx −$6.7k −$3.83
NOI $20.1k $11.49
1,753 SF · lease $17.40/SF/yr · vacancy 11.95% · expense 25.00%

Alternative Uses

Best Use
Office B
$287.8K
$251.8K – $335.7K (±1% cap)
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 (±1% cap)
NOI $26,214 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Real Estate Agency Hair Salon Dental Office Spa & Massage Center Parking Lot & Garage HVAC Service Auto Parts Store Restaurant Nail Salon Bakery

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

FAQs

What type of property is this?
Office building - Freestanding NNN property with corporate guaranteed tenant until August 2023.
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: Provides stability.; Absolute Triple Net (NNN) Lease: Zero landlord responsibilities.; Upcoming 6.75% CAP Rate: Offers a strong return on investment.
Contact an agent
(559) 359-4035 Call to check price and availability
More about this property
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