1661 Triangle Dr Ridgecrest, CA 93555

This exceptional Class A, 8,000-square-foot medical office building in Ridgecrest, California presents a prime investment opportunity. Located at 1661 Triangle Dr., this single-story building boasts a strong 8.00% cap rate and a Net Lease (NN+) structure with credit-rated tenants. The property features two tenants under a 5-year lease with 4.5 years remaining. The building underwent a complete renovation 10 years ago, resulting in low-maintenance, modern spaces. Amenities include a kitchenette, three bathrooms, and ample parking (200 spaces) maintained by the city. The 14,881-square-foot lot is situated in a thriving commercial area, within walking distance of the China Lake Naval Air Weapons Station main gate, offering proximity to a significant military contractor hub. Nearby establishments include Ridgecrest Cinema, Pizza Factory, a hotel, and hospital extension offices. The building is currently 75% occupied, with a projected full occupancy date of October 30, 2024. The Net Operating Income (NOI) is $1,014,152, and the asking price is $1,140,614, resulting in a price per square foot of $142.58. One-third of the building has been approved for use as a schoolhouse, offering potential for future expansion or diversification of tenants. The property's strategic location and recent renovations make it an attractive investment with significant potential for long-term growth and return. Detailed financial documentation and rent roll are available upon request. The property's APN is 419-062-03, 419-062-04. Ownership is held as a sole proprietorship.