Air Expy Adelanto, CA 92301
- Retail properties
- 3,991 SF
- 0.43 lot acres
Current Use by Public Records
- Retail properties
Property Details for Air Expy
- Year built
- 1972
- Lot size
- 0.43 lot acres
- Property size
- 3,991 SF
- Property type
- Retail properties
Description
This exceptional 3,991 square foot retail strip center, situated on a 0.43-acre lot in the heart of Adelanto, CA, presents a compelling investment opportunity. The property comprises five fully leased units, currently generating a stable monthly rental income of $3,300. This translates to a strong cash flow, further enhanced by the potential for significant rent increases due to below-market rental rates currently in place. The property boasts recent improvements, including a newly paved parking lot with ADA compliance and a recently sealed roof, minimizing immediate maintenance needs. This translates to a lower capital expenditure requirement for the foreseeable future. The strategic location within the bustling Adelanto area ensures consistent tenant occupancy and strong rental demand. The property's solid financial performance, coupled with the potential for future appreciation, makes it an attractive investment for both seasoned and emerging investors seeking a stable and growing income stream. This is a turnkey operation with existing tenants in place, minimizing the need for immediate leasing efforts. The property's current condition and strong tenant base offer a low-risk, high-reward investment profile. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a thriving market.
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
- -117.418
- Latitude
- 34.5719
