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2140 E Palmdale Blvd
Palmdale, CA 93550
Towne Square West · Retail Property For Sale
Investment Highlights
- Large daytime traffic count
- Four freestanding u it’s
- Plenty of parking
Executive Summary
À unique opportunity to own à performing retail regional center, NNN-leased . With a relatively low vacancy rate and long term tenants, this asset can perform even better than the numbers suggest. The property benefits from shadow anchors such as a 99 Cents Only store and Superior Grocers, enhancing foot traffic through shared parking lots. Added income is also generated by à Sprint cell phone tower, with a long term renewable lease, and a small foot print recycling business. With traffic counts along Palmdale Blvd.exceeding 76,000 cars daily, any increased street-facing exposure is sure to pay dividends. 100% occupied
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
65,000 SF
Building Class
B
Year Built/Renovated
1987/1991
Price
$13,642,401 CAD
Price Per SF
$209.88 CAD
Cap Rate
9.40%
NOI
$1,282,386 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.19
Lot Size
7.94 AC
Opportunity Zone
Yes
Zoning
C3 - General commercial
Parking
359 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
515’ on East Palmdale Boulevard
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,761,794 CAD | |
| Land Assessment | $6,528,474 CAD | Total Assessment | $13,290,268 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$6,528,474 CAD
Improvements Assessment
$6,761,794 CAD
Total Assessment
$13,290,268 CAD
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