Published on: Friday, November 15, 2024
Updated on: Friday, November 15, 2024
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About the Lister
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Name: Houmehr ¨Mike¨ Panoussi
Company: Liberty Business Advisors
Office Phone: 661-816-1141
Cell Phone: 661-816-1141
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Financing  Business  Material
  Two Buildings Next to Willow Springs International Raceway
3335-3351 75th St W, Rosamond California , 93560
3335-3351 75th St W, Rosamond California                                                                                          , 93560Liberty Business Advisors
Listing ID: CL-California-12786

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 11.61
Net Operating Income: $90,000
Commission Split (%): 0
Quick Glance
Listing ID: CL-California-12786
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 1991
Building Size: 9,000.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Listing Summary
For Sale: Two Buildings Next to Willow Springs International Raceway. Address: 3335 & 3351 75th Street W, Rosamond, CA
Complete Details
Year Build: 1991
Building Size: 9,000
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Location: Adjacent to the iconic Willow Springs International Raceway Building Size: Each shop-style building approximately 4,500 sqft Total Acreage: Over 2.5 acres Land Zoning: Medium Industrial (M-2) Income: Generating a total income of $3,375/month, significantly below market value. New owner can re-negotiate leases or bring in new tenants. This is a great investment or owner-user setup . Potentially, these buildings can be leased at close to $1/sqft pro forma, which would yield a pro forma cap rate of over 11%. Tenant Status: Long-term tenants on month-to-month leases Utilities: Septic tank installed, separate electric meter, no gas Investment Opportunity: Don't miss out on this incredible investment opportunity! The property offers substantial potential for increased revenue through lease renegotiation or new tenants. The current below-market income provides a unique chance to capitalize on a high cap rate. Note to Buyers: Buyers are responsible for confirming the use, square footage, and permits during their due diligence period. All investigations and verifications should be conducted independently and relied upon solely by the buyer.
Additional Properties
Property Highlights
  • Tenant Status: Long-term tenants on month-to-month leases
  • Utilities: Septic tank installed, separate electric meter, no gas
Features
  • APN 252-141-09-00-2
Listing Location
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Status: Active
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