12016-12020 Air Expressway Blvd
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12016-12020 Air Expressway Blvd
3,991 SF 100% Leased Office Building Adelanto, CA 92301 $600,000 ($150/SF)
Investment Highlights
- Stabilized Strip Mall in Growing Location
- Over 12k Cars Per Day on corner
- Business Park allows industrial/commercial uses
- Corner Lot
- Value Add Potential
- Total Land includes 3.4 Acres with a total of 3,991 SF Retail Building(s)
Executive Summary
Located at 12012 - 12020 Air Expressway, Adelanto, CA 92301, this ±3,991 SF strip center presents an outstanding investment opportunity. The property includes five fully leased units generating a steady rent roll of $3,300 per month. Priced at $600,000, this investment offers below-market rents, providing room for future rent increases and property value appreciation. The strip center is strategically positioned just minutes from the Southern California Logistics Airport, ensuring high visibility and traffic. In addition to the strip center, there are four land parcels being sold separately. One parcel, located at a corner intersection, spans 0.52 acres, while the remaining 2.25 acres are situated behind the strip mall, offering significant potential for development or expansion. These lots are zoned "BP" for Business Park which allows a mix of industrial and commercial uses such as FLEX etc. This property is ideal for investors seeking a stable, income-generating asset with considerable growth prospects. The properties may be purchased together as a Portfolio Sale or individually. Defer to the brochure for the breakdown of properties and individual pricing. For more information or to schedule a viewing, please contact us today.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,991 SF
Building Class
B
Year Built
1972
Price
$600,000
Price Per SF
$150
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,991 SF
Building FAR
0.21
Land Acres
0.43 AC
Opportunity Zone
Yes
Zoning
BP - Business Park
Parking
10 Spaces (2.51 Spaces per 1,000 SF Leased)
Amenities
- Food Service
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $579,799 (2024) | |
| Land Assessment | $574,077 (2024) | Total Assessment | $1,153,876 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$574,077 (2024)
Improvements Assessment
$579,799 (2024)
Total Assessment
$1,153,876 (2024)
-
Bobby Mendez -
RE/MAX Commercial
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12016-12020 Air Expressway Blvd
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