56492 Twenty Nine Palms Hwy | Yucca Valley, CA 92284
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56492 Twenty Nine Palms Hwy
Yucca Valley, CA 92284
Social Security Administration · Office Property For Sale
Investment Highlights
- Single Credit Tenant – United States Government Lease – Social Security Administration AAA (Moody’s) Credit Rating
- Brand New 2nd Generation 15 Year Lease with 10 Years Firm Term Signed in 2017
- Rare Fixed Rent Increases Every 5 Years with Annual CPI Increases on Operating Expense Rent Portion
- Build-to-Suit Facility for the Social Security Administration in 2003
- GSA Invested over $279,000 in Tenant Improvements Prior to Brand New Lease
- Attractive Available Financing with 75% Loan-to-Value at 3.75% Fixed for 10 Years
PROPERTY FACTS
Property Type
Building Size
5,340 SF
Building Class
B
Year Built/Renovated
2003/2017
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,340 SF
Building FAR
0.23
Lot Size
0.54 AC
Zoning
0210
Parking
24 Spaces (4.49 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0595-022-09 | Improvements Assessment | $1,091,899 |
| Land Assessment | $504,074 | Total Assessment | $1,595,973 |
PROPERTY TAXES
Parcel Number
0595-022-09
Land Assessment
$504,074
Improvements Assessment
$1,091,899
Total Assessment
$1,595,973
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