39838 10Th St Palmdale, CA 93551

Property Details for 39838 10Th St

Year built

2004

Construction

WOOD

Lot size

0.83 lot acres

Property size

8,056 SF

Zone code

PDC4

Property type

Community centers

APN

3005-048-007

APU

3005048007

Description

This exceptional investment opportunity presents a 7,887 square foot, single-story retail building in Palmdale, CA, at 39838 10th St W. The property is 100% occupied by two tenants: Wells Fargo Bank and Bellissima Nail & Spa, both under long-term (20-year) NNN leases. This meticulously maintained building boasts a prime location at the entrance to a major 750,000+ square foot regional power center, anchored by Walmart Supercenter, Sam's Club, and Kohl's, ensuring high visibility and consistent traffic. Additional nearby retailers include Hobby Lobby, Planet Fitness, Dollar Tree, JoAnn, Sonic Drive-In, Panda Express, WingStop, and AutoZone. Situated at the intersection of Rancho Vista Blvd, 10th Street West, and CA-Hwy 14, the property benefits from exceptional access and visibility, with 10th Street West seeing over 33,950 vehicles daily and CA-Hwy 14 exceeding 98,860. The Antelope Valley market is experiencing robust growth, with a population of over 528,000 and projected 12.5% growth over the next decade. The average household income within a 5-mile radius is $97,000. This asset is an ideal 1031 exchange opportunity, offering a stable, high-performing investment in a thriving retail corridor. The asking price is $4,995,000, with a price per square foot of $633.32. The property consists of one building with two units, and the APN is 3005-048-007. This is a multi-tenant property with credit-rated tenants.

Location Insight

City

Palmdale

County

Los Angeles

State

California

Longitude

-118.147

Latitude

34.6068

CBSA code

31080

CBSA name

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

Property Tax & Assessments