57675 29 Palms Hwy Yucca Valley, CA 92284

Property Details for 57675 29 Palms Hwy

Year built

2014

Lot size

3.67 lot acres

Property size

17,338 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Warren Vista Center, a 17,338 square foot shopping center in Yucca Valley, California, presents a compelling investment opportunity. This multi-tenant property boasts five tenants, achieving 100% occupancy. The center features a diverse mix of medical, office, and restaurant tenants, complemented by shadow anchors ALDI and Rite Aid, ensuring consistent traffic. The current NOI is $388,782, with a pro-forma NOI of $505,735, reflecting a 7% cap rate and a pro-forma cap rate of 9.02%. Built in 2014, the property sits on a 3.67-acre lot (APN: 0595-271-52, 0595-271-53) and is zoned for general commercial use. A significant value-add opportunity exists with Suite 101, currently leased below market rate ($0.59 PSF/month gross), offering potential for substantial NOI growth. Furthermore, the property includes a 1.27-acre pad with a Conditional Use Permit for commercial development, ready for utilities connection and offering additional income potential. Located on the heavily trafficked Twentynine Palms Highway (28,000+ cars daily), Warren Vista Center benefits from high visibility and strong consumer traffic. This internet-resistant tenant mix provides a stable and attractive investment profile. The asking price is $5,554,000.