17582 Gothard St California City, CA 93505
- Warehouses
- 7,452 SF
Current Use by Public Records
- Warehouses
Property Details for 17582 Gothard St
- Year built
- 1980
- Property size
- 7,452 SF
- Property type
- Warehouses
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents two industrial buildings totaling 7,452 square feet situated on a 20,615 square foot lot in California City, CA (zip code 93505). The property, located at 17582 Gothard St, features a desirable Research Technology (RT) zoning. Built in 1980, the buildings boast concrete tilt-up construction, two dock-high doors, and a generous 17-foot ceiling height. Offering 2.5 parking spaces per 1,000 square feet, the property includes ample office space and well-distributed heavy power. The buildings benefit from prominent Gothard Street frontage, grade-level loading, fenced yards, and convenient access to major freeways (405 and 22), airports (John Wayne, Long Beach, and LAX), and the ports of Long Beach and San Pedro. Currently leased under a NNN (triple net) single-tenancy agreement commencing December 14, 2015, and expiring December 13, 2025, the property generates a Net Operating Income (NOI) of $103,632, with an asking price of $3,018,060 ($405 per square foot). The long-term tenant has made substantial capital improvements, increasing the likelihood of lease renewal. This property offers a strong cash flow and significant upside potential due to below-market rents. The buildings can be purchased individually or as a portfolio.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- California City
- County
- Kern
- State
- California
- Longitude
- -117.972
- Latitude
- 35.1146
