Current Use by Public Records
- Lifestyle centers
Property Details for 18930 Ca-18
- Year built
- 1988
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This multi-tenant commercial property in Apple Valley, CA, presents a compelling investment opportunity. Located at 18930 CA-18, this two-story, 5,400 square foot building sits on a 19,602 square foot lot. Built in 1988, the property boasts a Class C rating and currently enjoys 70% occupancy across seven units. Current tenants include a diverse mix of businesses such as a tax service, medical transportation company, counseling practice, and a hair salon. The property features recently upgraded elements including new flooring in three units and a well-maintained roof and AC system. The asking price is $730,000, representing a current cap rate of 5.40% and a pro-forma cap rate of 7.94%. The current Net Operating Income (NOI) is $39,440, with a pro-forma NOI of $57,944. Approximately 1,575 square feet is currently available, making this ideal for an owner-user seeking additional space or an investor looking to increase occupancy and revenue. This prime location at a signalized corner off Highway 18 offers excellent visibility and accessibility. Financial details are available upon request. This is a rare opportunity to acquire a well-maintained, multi-tenant property with significant upside potential in a growing market.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Apple Valley
- County
- San Bernardino
- State
- California
- Longitude
- -117.251
- Latitude
- 34.5378
