12012 Air Expy Adelanto, CA 92301
- Lifestyle centers
- 3,991 SF
- 0.67 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 12012 Air Expy
- Year built
- 1972
- Lot size
- 0.67 lot acres
- Property size
- 3,991 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Adelanto
- County
- San Bernardino
- State
- California
- Longitude
- -117.402
- Latitude
- 34.5723
