Hesperia, CA 92345 17415 Catalpa Street
$3,350,000
2 more
Presented By: Tony Scafidi with Rigel Capital; 760-912-7143
Home Details
FOR SALE: 100% Occupied Industrial Commercial Complex. Last sold in the early 2000s, the Property was built in 1987 and is comprised of 3 buildings totaling ±30,064 SF on ±2.5 AC of land. Originally designed for 37 tenants, many tenants have expanded or have taken multiple units for their business growth. Fully occupied, almost all tenants are on month to month tenancy, allowing the opportunity for rental increases to current market values. Industrial is high in demand and with little vacancy, supply and demand have kicked in with rates increasing. The Seller is in the process of installing solar to the Property in order to eliminate the majority of electricity expense. This will be paid outright by Seller. Current tenants are comprised of auto, light manufacturing, office and adult entertainment. The Property is located in the industrial hub of Hesperia, CA in the High Desert. This is an ideal location for industrial and commercial business, surrounded by other mixed-use industrial, manufacturing, and general commercial. The Property neighbors the BNSF rail and is conveniently located between the two main arterials in the City. Hesperia continues to be one of the fastest growing cities in the US because of its affordable housing, pleasant desert climate, clean air, and breathtaking terrain. As coastal, inland logistics industrial spaces wane, the High Desert is becoming the next place to develop and do business. Hesperia and the High Desert are expected to grow tremendously over the next 10 years. Don't Delay. Seller open to carry paper with acceptable terms. Buyer to verify all.
Presented By: Tony Scafidi with Rigel Capital; 760-912-7143
Interior Features for 17415 Catalpa Street
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixStreet
Total Stories1
Other Rooms
Entry Level1
General for 17415 Catalpa Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityHesperia
CountySan Bernardino
Days on Market203
DirectionsFrom the I-15 Interstate exit Bear Valley Rd and head east; right on I Ave; right on Santa Fe Ave; left on Catalpa
Garage Y/NNo
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4302.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, OwnerMayCarry, PrivateFinancingAvailable
Lot Size Square Feet108900.0
MLS AreaHSP - Hesperia
MaintenanceExpense5979.0
MobileHomeRemainsYNNo
Net Operating Income138764.0
New ConstructionNo
Occupancy DescriptionTenant
Operating Expense124567.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalIndustrial
Property SubTypeIndustrial
Property TypeCommercialSale
Rent Control Y/NNo
RoofFlat, Metal
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameCatalpa
View Y/NNo
Waterfront Y/NNo
Year Built1987
Exterior for 17415 Catalpa Street
Building Area Total30064.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesDesertFront, LotOver40000Sqft, Level
Lot Size Acres2.5
Lot Size Area108900.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480