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45223 23rd St W 10,900 SF 100% Leased Retail Building Lancaster, CA 93536 $2,940,189 CAD ($269.74 CAD/SF) 5.92% Cap Rate
Executive Summary
Discover a prime investment opportunity with this remarkable
property in Lancaster, CA. Boasting a spacious 10,900 square foot
building ideally suited for an Industrial / Office Showroom investor,
this meticulously renovated property offers the perfect blend of
modern amenities and industrial functionality. With its excellent
location within the Industrial area and versatile zoning, and long-term
tenant, this 1-unit building presents a compelling investment
prospect. Renovated in 2024, the property reflects contemporary
design and functionality, offering 100% occupancy potential for savvy
investors. Don't miss the chance to capitalize on this turnkey
opportunity for industrial and office showroom success.
property in Lancaster, CA. Boasting a spacious 10,900 square foot
building ideally suited for an Industrial / Office Showroom investor,
this meticulously renovated property offers the perfect blend of
modern amenities and industrial functionality. With its excellent
location within the Industrial area and versatile zoning, and long-term
tenant, this 1-unit building presents a compelling investment
prospect. Renovated in 2024, the property reflects contemporary
design and functionality, offering 100% occupancy potential for savvy
investors. Don't miss the chance to capitalize on this turnkey
opportunity for industrial and office showroom success.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
10,900 SF
Building Class
C
Year Built
1980
Price
$2,940,189 CAD
Price Per SF
$269.74 CAD
Cap Rate
5.92%
NOI
$174,177 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.58 AC
Zoning
M120000 - Industrial commercial
Parking
120 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Signalized Intersection
Nearby Major Retailers
Property Taxes
| Parcel Number | 3114-014-015 | Improvements Assessment | $937,273 CAD |
| Land Assessment | $85,314 CAD | Total Assessment | $1,022,587 CAD |
Property Taxes
Parcel Number
3114-014-015
Land Assessment
$85,314 CAD
Improvements Assessment
$937,273 CAD
Total Assessment
$1,022,587 CAD
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45223 23rd St W
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