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Address not disclosed Palmdale, CA 93550
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Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CC334041
Year Built 1983
Lot Size 0.475 Acres
Property Description
The subject property consists of 2 retail buildings with a total square footage of approximately 4,480 SF and sits on an approximate lot size of 20,677 SF. The offering is located at the signalized corner of 10th & E. Palmdale Blvd. in the City of Palmdale. The offering provides plenty of on-site parking in addition to street parking and 2 points of ingress and egress. This property offers a buyer great investment opportunity with a solid 8% cap rate on current existing income. It is located one mile east of the 14 Freeway, thus providing excellent freeway access. It is also minutes away from the Palmdale Gateway Shopping Center. This offering will appeal to an investor that is looking for an excellent tenant mix, signalized intersection and a good return..
Location
State CA
County Los Angeles
Area Co - Los Angeles (County)
Building
Story 1
Others
Special Listing Condition Standard
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Bought with David Yashar • Remax Commercial and Investmen