17415 Catalpa St Hesperia, CA 92345-5080

Property Details for 17415 Catalpa St

Year built

1987

Construction

STEEL FRAME

Lot size

2.50 lot acres

Property size

30,064 SF

Property type

Flex space

APN

0415-272-03-0000

APU

415272030000

Description

This fully occupied industrial complex in Hesperia, CA, presents a compelling investment opportunity for owner-users or investors. The property comprises three buildings totaling approximately 30,064 square feet on a 2.5-acre lot, zoned General Industrial (GI). Built in 1987, the complex currently houses a diverse tenant mix including auto, light manufacturing, office, and adult entertainment businesses. Many tenants occupy multiple units, reflecting the property's adaptability and strong demand. Almost all tenants are on month-to-month leases, providing immediate potential for rental increases to current market values. The property features ample yard space for many tenants in addition to their interior square footage. Originally designed for 37 tenants, the current occupancy demonstrates strong tenant retention and growth potential. The seller is in the process of installing solar panels to significantly reduce electricity expenses, a cost covered entirely by the seller. Located in Hesperia's industrial hub, the property benefits from proximity to BNSF rail and major arterials. Hesperia's rapid growth, driven by affordable housing and a desirable climate, positions this investment for long-term appreciation. The asking price is $3,350,000, representing a cap rate of 3.89% and a NOI of $130,252. The seller is open to financing options with acceptable terms. Buyer to verify all information.

Location Insight

City

Hesperia

County

San Bernardino

State

California

Longitude

-117.284

Latitude

34.4592

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments