
12036 Bartlett Ave
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12036 Bartlett Ave
3,698 SF Office Building Adelanto, CA 92301 $650,000 ($176/SF) 8.21% Cap Rate



INVESTMENT HIGHLIGHTS
- Owner Willing To Consider Seller Financing/Carry Terms
- Multi-Tenant Mixed Use Commercial Income Property
- Occupied Generating Lucrative Cap Rates
EXECUTIVE SUMMARY
***Come VIEW and MAKE an OFFER TODAY! Amazing MIXED-USE COMMERCIAL INCOME PROPERTY located in expanding Adelanto CA. The property has an over 1 ACRE lot right in the heart of Adelanto's Business Park District. Just a block from Hwy 395 and not far from Interstate-15 the site offers excellent access to all of Southern CA. Plus the property is close to the SoCal Logistics Airport, and less than one block from Amazon's newly developed order fulfillment center. In addition, the site is part of Adelanto's BARTLETT AVE REHABILITATION PROJECT where millions of funding is being spent on massive improvements to infrastructure, as the city prepares for tons of FUTURE commercial/industrial GROWTH. The commercial building onsite has 7 units (2,413sf) that have been generating steady income for years, also there are two residential units (1,285sf) producing more income. Recently, the owner has upgraded the electrical and plumbing in the commercial building as an added bonus. Also, the residential units have been recently remodeled. Currently, the property is generating over $53,000 in NET OPERATING INCOME, with the pro-forma potential of generating more revenue as rental rates continue to increase in the area. Furthermore, the NEW California ADU LAW, that took effect in 2023, gives property owners more rights related to adding ADU’s to their properties. The new ADU LAW further expands the property’s income producing potential. This property is an ideal opportunity for any savvy real estate investor looking for lucrative cap rates, or a business owner that needs more space to grow. A definite must see before it's too late.***
CONTACT JEFF NYAL FOR INFORMATION - (760) 887-7779
CONTACT JEFF NYAL FOR INFORMATION - (760) 887-7779
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
![]() |
Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
![]() |
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 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Office
Property Subtype
Building Size
3,698 SF
Building Class
C
Year Built
1950
Price
$650,000
Price Per SF
$176
Cap Rate
8.21%
NOI
$53,340
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,698 SF
Building FAR
0.08
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
Commercial - Business Park
Parking
26 Spaces (7.03 Spaces per 1,000 SF Leased)
AMENITIES
- Kitchen
- Air Conditioning
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PROPERTY TAXES
Parcel Number | 0459-164-11 | Improvements Assessment | $48,809 (2024) |
Land Assessment | $58,567 (2024) | Total Assessment | $107,376 (2024) |
PROPERTY TAXES
Parcel Number
0459-164-11
Land Assessment
$58,567 (2024)
Improvements Assessment
$48,809 (2024)
Total Assessment
$107,376 (2024)
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12036 Bartlett Ave
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