44300 Lowtree AveLancaster, CA 93534

Property Details for 44300 Lowtree Ave

Year built

1989

Construction

WOOD

Lot size

1.22 AC

Property size (Sq ft)

16,653 SF

Zone code

LRC1DP*

Property type

Office properties

Property subtype

Office buildings

APN

3123-003-094

APU

3123003094

Description

This exceptional investment opportunity presents a portfolio of three Class B office buildings totaling 26,252 square feet, situated on Lowtree Avenue in Lancaster, California. The portfolio boasts 100% occupancy across fourteen units, housing thirty tenants, including prominent names like Edward Jones and Farmers Insurance. Built in 1989, these single-story buildings are situated within the Centerpoint Business Park, a well-established commercial area. The property features a modified lease type with franchisee tenants. The portfolio's strong performance is reflected in its impressive 6.53% capitalization rate and a net operating income (NOI) of $261,354, with an asking price of $4,000,000. The property is zoned C-Commercial and is held under an LLC ownership structure, making it suitable for a 1031 exchange. The price per square foot is $152.37. This stabilized investment offers a compelling opportunity for investors seeking a high-performing, multi-tenant property in a desirable location. The addresses included are 44300, 44303, and 44345 Lowtree Avenue, Lancaster, CA 93534. The property is professionally managed.

• CAP approach

  CAP return

  Valuation

  6%

  $5,286,619

  6.5%

  $4,879,956

  7%

  $4,531,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,166,734

  Geo Method

  $3,166,734

• Alternative Use

  Use

  Valuation

  Residential

  $6,051,146

  Hospitality

  $5,542,816

  Educational

  $4,611,558

  Medical

  $4,770,157

  Retail

  $7,173,535

Location Insight

City

Lancaster

County

Los Angeles

State

California

Latitude

34.6883

Longitude

-118.154

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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