17415 Catalpa Street Active Save Request In-Person Tour Request Virtual Tour
Hesperia,CA 92345
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 30,064 sqft
Price per Sqft $111
MLS Listing ID CRHD23165398
Year Built 1987
Lot Size 2.500 Acres
Property Description
FOR SALE: 100% Occupied Industrial Commercial Complex. Last sold in the early 2000s, the Property was built in 1987 and is comprised of 3 buildings totaling ±30,064 SF on ±2.5 AC of land. Originally designed for 37 tenants, many tenants have expanded or have taken multiple units for their business growth. Fully occupied, almost all tenants are on month to month tenancy, allowing the opportunity for rental increases to current market values. Industrial is high in demand and with little vacancy, supply and demand have kicked in with rates increasing. The Seller is in the process of installing solar to the Property in order to eliminate the majority of electricity expense. This will be paid outright by Seller. Current tenants are comprised of auto, light manufacturing, office and adult entertainment. The Property is located in the industrial hub of Hesperia, CA in the High Desert. This is an ideal location for industrial and commercial business, surrounded by other mixed-use industrial, manufacturing, and general commercial. The Property neighbors the BNSF rail and is conveniently located between the two main arterials in the City. Hesperia continues to be one of the fastest growing cities in the US because of its affordable housing, pleasant desert climate, clean air, and breatht
Location
State CA
County San Bernardino
Building
Water Public