40360 La Quinta Ln, Palmdale, CA 93551-3637
- Auto shops
- 18,970 SF
- 2.35 lot acres
Current Use by Public Records
- Caliber Collision / Auto Repair Shop
- Squirty's Collision Center / Auto Repair Shop
- Brand-It Glove Co. / (Bike/Boat/Book/etc) Store / Printing Service
Property Details for 40360 La Quinta Ln
- Year built
- 2007
- Construction
- TILT-UP CONCRETE
- Lot size
- 2.35 lot acres
- Zone code
- PDM4*
- Property type
- Auto shops
- APN
- 3005-045-003
- APU
- 3005045003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 2, 2006 | $630,000 | Lnm3 Investments LLC | Nibblelink Family Trust | Grant Deed | $2.2M · Zions First National Bank |
| Oct 27, 2006 | $500,000 | Lnm3 Investments LLC | Nibblelink Family Trust | Grant Deed | $2.2M · Zions First National Bank |
| Aug 16, 2004 | $275,500 | Nibblelink Family Trust | Community Redevelopment Agency | Grant Deed | — |
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- 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
