Warren Vista Center | 57675 Twentynine Palms Hwy
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Warren Vista Center 57675 Twentynine Palms Hwy
17,338 SF 100% Leased Retail Building Yucca Valley, CA 92284 $5,554,000 ($320/SF) 7% Cap Rate
Investment Highlights
- SoCal Grocery and Drug Shadow Anchored Strip Center
Executive Summary
* 100% Occupied Retail Center – Warren Vista Center is a 17,338 SF shopping center with a mix of medical, office and restaurant tenants and shadow-anchored by national grocery and pharmacy operators ALDI (NAP) and Rite Aid (NAP), providing a daily needs draw to the center
* Complementary, Internet Resistant Tenant Mix – Synergistic tenancy mix including medical (±57% of GLA), food & beverage (±29% of GLA), and veterinary uses (±7% of GLA), provide a balanced tenant mix unaffected by internet competition
* Below Market Rents/Future Leasing Upside – Suite 101 (±5,081 SF) is occupied by a tenant paying well below market rent ($0.59 PSF/month Gross) and property wide rents are approximately 22% below market, providing an opportunity to add value and increase NOI as leases expire
* Future Pad Development Potential – The offering presents a unique opportunity to add value and income through the development of the 1.27-acre pad. This pad has an existing CUP for commercial uses and is graded, with all utilities to the property line
* Highly Travelled Retail Corridor – Warren Vista Center is located along Twentynine Palms Hwy (28,000+ cars per day), the most heavily trafficked arterial through Yucca Valley
* Complementary, Internet Resistant Tenant Mix – Synergistic tenancy mix including medical (±57% of GLA), food & beverage (±29% of GLA), and veterinary uses (±7% of GLA), provide a balanced tenant mix unaffected by internet competition
* Below Market Rents/Future Leasing Upside – Suite 101 (±5,081 SF) is occupied by a tenant paying well below market rent ($0.59 PSF/month Gross) and property wide rents are approximately 22% below market, providing an opportunity to add value and increase NOI as leases expire
* Future Pad Development Potential – The offering presents a unique opportunity to add value and income through the development of the 1.27-acre pad. This pad has an existing CUP for commercial uses and is graded, with all utilities to the property line
* Highly Travelled Retail Corridor – Warren Vista Center is located along Twentynine Palms Hwy (28,000+ cars per day), the most heavily trafficked arterial through Yucca Valley
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,338 SF
Building Class
B
Year Built
2014
Price
$5,554,000
Price Per SF
$320
Cap Rate
7%
NOI
$388,782
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
3.67 AC
Zoning
Commercial
Parking
90 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
255 FT on Warren Vista
Amenities
- Dedicated Turn Lane
- Restaurant
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0595-271-53 | Improvements Assessment | $2,921,487 |
| Land Assessment | $1,103,656 | Total Assessment | $4,025,143 |
PROPERTY TAXES
Parcel Number
0595-271-53
Land Assessment
$1,103,656
Improvements Assessment
$2,921,487
Total Assessment
$4,025,143
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Warren Vista Center | 57675 Twentynine Palms Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.