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15625 7th St
Victorville, CA 92395
Office Property For Sale
EXECUTIVE SUMMARY
Amazing retail investment listed at a 9.8% Current Cap Rate while still having 2 open units that will be a huge value add! Situated directly in front of the Route 66 sign on Seventh St, this beautiful building is right in the heart of Victorville! Totaling 9,116 sqft of retail space this 2-story retail building has units ranging from 300 sqft to 2,000 Sqft offering suites to a wide range of retail/service-based businesses. Building is on almost 1/4 acre and has plenty of parking out front, a rare feature for buildings on this part of Seventh st. Property is currently 82% occupied and generates approx $8,600 gross per month!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
9,116 SF
Building Class
C
Year Built
1974
Price
$1,247,273 CAD
Price Per SF
$136.82 CAD
Cap Rate
9.80%
NOI
$122,233 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,558 SF
Slab To Slab
10’
Building FAR
0.91
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CO - General Commercial
Parking
15 Spaces (1.56 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0478-216-05 | Improvements Assessment | $601,278 CAD |
| Land Assessment | $72,153 CAD | Total Assessment | $673,431 CAD |
PROPERTY TAXES
Parcel Number
0478-216-05
Land Assessment
$72,153 CAD
Improvements Assessment
$601,278 CAD
Total Assessment
$673,431 CAD
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