Property summary
This exceptional investment opportunity presents two warehouse buildings totaling 9,000 square feet situated on an expansive 8.23-acre lot in Lebec, California. The property, located at 1441-1443 Frazier Mountain Park Road, boasts a compelling 7.69% cap rate, making it an attractive proposition for income-focused investors. Built in 2007 and 2020, the two single-story structures are currently operating under a gross lease with multiple tenants. The M1 zoning permits a variety of uses, offering significant potential for future development and expansion on the substantial land parcel. The property's address is 1441-1443 Frazier Mountain Park Rd, Lebec, CA 93243, within Kern County. Key features include two units, a total of 9,000 square feet of warehouse space, and the significant acreage providing ample room for growth. This is a rare chance to acquire a well-performing industrial property with considerable upside potential in a desirable location. The asking price is $1,700,000. Further details are available upon request.
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6 recent transactions · within 1.5 miComparable in this City
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