190 Sierra Ct Palmdale, CA 93550-7607
- Manufacturing properties
- 98,385 SF
- 5.93 lot acres
Mar 26, 2025
Current Use by Public Records
- Subcool Control Heating & Air / HVAC Service / General Contractor
- American Business Machines / Big Box & Wholesale Store
- Healing Thoughts Psychological Services / Crisis Center / Medical Clinic
- AskLundy.com / Medical Clinic
- Penny Lane Foster Families / Medical Clinic
Property Details for 190 Sierra Ct
- Year built
- 1987
- Construction
- TILT-UP CONCRETE
- Lot size
- 5.93 lot acres
- Property size
- 98,385 SF
- Zone code
- PDC5
- Property type
- Manufacturing properties
- APN
- 3128-015-002
- APU
- 3128015002
Description
This exceptional investment opportunity presents the Sierra Highway Plaza, a stabilized multi-tenant industrial complex located at 190 Sierra Ct, Palmdale, CA 93550. The property encompasses 89,880 square feet of rentable space across three single-story buildings situated on a 10.16-acre lot. Built in 1987 and zoned C5, the complex boasts a 93.5% occupancy rate with 93 tenants under gross leases. The diverse tenant mix includes executive office, flex, and warehouse spaces, providing a stable income stream. Key features include 27 drive-thru loading doors, 18-foot ceiling heights, and fully air-conditioned, insulated, and individually metered units. The property's strong performance is reflected in its 7.00% cap rate and $150.20 per square foot price. The net rentable area is 86,048 square feet. Rent bumps are in place, ensuring future income growth. This meticulously maintained property, with its attractive landscaping, presents a compelling investment opportunity in a prime Los Angeles County location. The Los Angeles County Assessor's Parcel Numbers (APN) are 3128-015-001 and 3128-015-002. The asking price for this stabilized investment is $13,500,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $19,135,000
- 6.5%
- $17,660,000
- 7%
- $16,400,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,780,000
Market price range: $10.8M - $25.4M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $20,325,000 Current use
- AUTO REPAIR, GARAGE
- $21,495,000 Change: +6% Conversion: Easy
- OFFICE BUILDING
- $19,265,000 Change: -5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Palmdale
- County
- Los Angeles
- State
- California
- Longitude
- -118.129
- Latitude
- 34.6396
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
