16940 State Highway 14

    Mojave, CA 93501
    • $2,300,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: DW18246653
    New On Site 6 Days Ago
    UPDATED: 14 min ago
    $2,300,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,000
      SQFT
    • $192
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1990
    County:

    School Ratings & Info

    Description

    6.2% CAP Rate - Huge opportunity to buy this cash cash. Your net operating income is about: $142,489 per year. Yearly gross scheduled income is about: $185,532. Yearly property maintenance expenses is about: $14,508. Yearly property expenses is about: $27,535. 1st tenant's lease ends in 2024. 2nd tenant's lease ends in 2020. 3rd tenant's lease is month to month. 4th tenant's lease ends in 2020 with 2/5 year renewal terms. As you can see this is a great investment opportunity and a great location overall. Property looks in good working condition and seller is ready to sell to move on. Let's put a deal together, contact listing agent.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T17:31:38.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.pismohomes.com/homes/88373189

    16940 State Highway 14 Mojave, CA 93501

    • Price: $2,300,000
    • Status: Active
    • Updated: 14 min ago
    • ID#: DW18246653
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    12,000
    SQFT
    $192
    $/SQFT
    1990
    Built
    Neighborhood:
    MOJV - Mojave
    County:
    Kern
    Area:
    MOJV - Mojave
    Property Description
    6.2% CAP Rate - Huge opportunity to buy this cash cash. Your net operating income is about: $142,489 per year. Yearly gross scheduled income is about: $185,532. Yearly property maintenance expenses is about: $14,508. Yearly property expenses is about: $27,535. 1st tenant's lease ends in 2024. 2nd tenant's lease ends in 2020. 3rd tenant's lease is month to month. 4th tenant's lease ends in 2020 with 2/5 year renewal terms. As you can see this is a great investment opportunity and a great location overall. Property looks in good working condition and seller is ready to sell to move on. Let's put a deal together, contact listing agent.
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 6.20 Country Us Land Lease YN No Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Occupancy Occupied Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Fernando Spindola of Intero Real Estate Services.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T17:31:38.953. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    350 James Way
    Pismo Beach CA, 93449