Property profile

40360 La Quinta Ln Palmdale, CA 93551

FOR SALE
Auto shops
Property ID
US09-7352805
18,970 SF 2.35 ac lot Built 2007
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2007
Construction TILT-UP CONCRETE
Total area 18,970 SF
Lot 2.35 ac (102,171 SF)
Zoning code PDM4*
APN 3005-045-003
UPID US09-7352805

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop
  • (Bike/Boat/Book/etc) Store Printing Service

Location

40360 La Quinta Ln Palmdale, CA 93551
Palmdale metro Census 910218 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$715k

Owner & transaction history

since 2006
3 recorded transactions
2006
$630,000
2006
$500,000
2004
$275,500

Zoning & alternative use

PDM4* · Palmdale, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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