56492 Twenty Nine Palms Hwy
Yucca Valley, CA 92284

Colliers International is pleased to present to the investment community, 56492 Twenty-Nine Palms Highway in Yucca Valley, California. This single-tenant government office building features 5,340 square feet, which was developed in 2003 as a build-to-suit for the Social Security Administration. As part of the 2017 renewal, the GSA invested over $279,000 which included new furniture, a remodeled lobby with added windows to improve workflow in this busy facility, and updated security features. The landlord also invested in a 512 square foot addition, new roof, carpet, hard surface floors, new exterior drainage, and sprinkler system. Additionally, the landlord installed a remote-control thermostat which features online access to control the six-unit HVAC systems. The property is encumbered by a 15-year gross lease, which is backed by the US Government, AA+ S&P rated, and currently has over eight (8) years remaining on the firm term and over thirteen (13) years remaining on the term. This investment is ideal for an investor who is seeking a stable cash flow from one of the highest credit tenants available. The property is cash flowing $105,071 annual through August 2022. In August 2022, the cash flow will increase to $109,023, and in August 2027 the cash flow will increase to $113,081, through the remaining term of August 20, 2032. With attractive financing, an investor could achieve an 13.32% total return with an approximate 25% percent down payment.