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County of San Bernardino Building 15400 Civic Dr

33,548 SF 100% Leased Office Building Victorville, CA 92392 $7,250,000 ($216/SF) 5.94% Cap Rate

Investment Highlights

  • Investment Property with Long Term Stable Tenant

Executive Summary

Gross Lease Investment Property with a long-term Tenant. This two-story concrete building is conveniently located amidst the City of Victorville’s Civic Center, where the city, county, and state government agencies, legal professionals as well as a variety of retail stores are located. The current Tenant is San Bernardino County Children Support Services, which occupies 80% of the building, and the building has 20% vacant space available for another professional user. The current lease with the tenant is in the process of renewal. The lease is expected to be extended for another 5 years. The property contains plenty of parking spaces, over a 1.13-acre dedicated parking lot which is paved, lit, and nicely landscaped. This paved land is included in the sale price. The location is ideally situated in the heart of Victorville, conveniently off Interstate 15 Freeway and Palmdale Road. It is easy to locate even during heavy traffic timeframes. Victorville is widely known for the Southern California Logistics Airport (SCLA)and industrial manufacturing which constitutes the major source of employment in the High Desert Area. With the new high-speed train project undertaken in the adjacent city, Apple Valley, all the areas are booming.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
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 -
Annual Per SF -
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
Property Type
Office
Building Size
33,548 SF
Building Class
B
Year Built
2004
Price
$7,250,000
Price Per SF
$216
Cap Rate
5.94%
NOI
$430,650
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,774 SF
Building FAR
0.45
Lot Size
1.70 AC
Opportunity Zone
Yes
Parking
50 Spaces (1.47 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • Central Heating
  • DDA Compliant
  • Fully Carpeted
  • Open-Plan
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0396-144-08
  • 0396-144-09
Land Assessment
$667,124 (2024)
Improvements Assessment
$4,965,153 (2024)
Total Assessment
$5,632,277 (2024)
  • Listing ID: 32367559

  • Date on Market: 7/6/2024

  • Last Updated:

  • Address: 15400 Civic Dr, Victorville, CA 92392

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