1703 E Palmdale Blvd, Palmdale, CA 93550
- Parking lots & garages
- 20,410 SF
- 0.45 lot acres
Current Use by Public Records
- WSS / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
- Vans / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
Property Details for 1703 E Palmdale Blvd
- Year built
- 1986
- Lot size
- 0.45 lot acres
- Property type
- Parking lots & garages
- APN
- 3015-023-027
- APU
- 3015023027
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 6, 2025 | — | Hpc Palmdale 24 LLC | Palm Gateway Sc LLC | Grant Deed | $18.5M · Argentic Real Estate Finance LLC |
| Sep 10, 2012 | $16,200,000 | Palm-gateway Sc LLC | Ellie I LLC | Grant Deed | $12k · Bank Of America |
| Jan 11, 2012 | — | Wr Palm LLC | — | Deed Of Trust · related | $10M · Bank Of America |
| Jan 6, 2005 | — | Sc II Palm LLC | Sussex Court Apts II LLC | Grant Deed | — |
| Sep 29, 2004 | — | Sussex Court Apts II LLC | Tbz LLC | Grant Deed | $10.5M · Tbz LLC |
| May 27, 2004 | — | Tbz LLC | Tbz Palmdale & 20th Associates | Quit Claim Deed · related | $7M · First Regional Bank |
Description
This exceptional investment opportunity presents a 7,600-square-foot retail storefront in Palmdale, California, currently leased to WSS Shoes, a Foot Locker subsidiary. The property, located at 1703 E Palmdale Blvd, enjoys a high-traffic location at the intersection of East Palmdale Blvd (State Route 138) and 17th St East, boasting over 25,800 vehicles per day. Situated near major thoroughfares including California State Route 14 and Pearblossom Highway, this prime location ensures excellent visibility and accessibility. The property is a net-leased investment (fee simple) with a remaining lease term of approximately 3.2 years, bolstered by a recently signed five-year corporate lease extension with a further five-year option. This provides investors with significant long-term stability and minimal landlord responsibilities. The lease commenced October 20, 2011, and is set to expire January 31, 2028. The asking price is $2,620,000, representing a price per square foot of $344.74 and a compelling 5.22% capitalization rate based on a net operating income (NOI) of $136,800. WSS Shoes, a well-established national brand with a strong presence in the market, occupies the entire space. This investment offers a rare opportunity to acquire a high-performing retail asset in a densely populated area of Los Angeles County, within the Lancaster/Palmdale MSA. The property's strong tenant, favorable lease terms, and strategic location make it an attractive addition to any portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $390,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $884,000
Market price range: $281k - $885k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Palmdale
- County
- Los Angeles
- State
- California
- Longitude
- -118.098
- Latitude
- 34.5804
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
