40360 La Quinta Ln Palmdale, CA 93551

Property Details for 40360 La Quinta Ln

Year built

2007

Construction

TILT-UP CONCRETE

Lot size

2.35 lot acres

Property size

18,970 SF

Zone code

PDM4*

Property type

Auto shops

APN

3005-045-003

APU

3005045003

Description

This exceptional investment opportunity presents a fee-simple ownership of a top-performing Caliber Collision center in Palmdale, California. Located at 40360 La Quinta Ln, 93551, this single-story, 20,015 square foot building sits on a 2.35-acre lot. Built in 2007 and renovated in 2018, the property boasts a 15-year net lease with a corporate guarantee from Caliber Collision, the nation's largest collision repair company. The lease, currently at 100% occupancy, includes annual rent bumps of 2% and a significant 10% increase at year nine, resulting in a remarkable 42.3% total rent growth over the primary term. The current asking price is $5,300,000, representing a price per square foot of $264.80 and a 5.10% cap rate with a current NOI of $270,279. The lease features two, five-year renewal options. This location consistently ranks in the 93rd percentile of all Caliber Collision centers nationwide based on customer visits, demonstrating exceptional performance and strong tenant commitment. The property benefits from a large population base exceeding 170,900 within a five-mile radius. This is a rare opportunity to acquire a high-performing, long-term net lease asset with substantial built-in rent growth.

Location Insight

City

Palmdale

County

Los Angeles

State

California

Longitude

-118.14

Latitude

34.6159

CBSA code

31080

CBSA name

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

Property Tax & Assessments