7211
Joshua Lane,
Yucca Valley,
California
CA
92284
PRICE REDUCED! Prime Location! Well maintained and well established 10 unit office space units with courtyard. A total of 5463 Sq'. Total rent is about $60,000 pa. and after direct expenses achieves a net income before taxes of $47,121. The property is well located in town with easy access and parking. Many of the tenants in the building are long term and turnover has been modest. The property has been upgraded in the past 5 years with a new roof, A/C units, parking asphalt and the cash assets include a $18,160 deposit with the Hi Desert Water Assessment for the sewer improvement project (i.e. a future expense that has been paid). Right behind Chase bank off Hwy 62. Great Opportunity! Close to Joshua Tree National Park! Owner May Carry with acceptable offer. Effective sales price is 840,000 - 18,000 (Water Assessment paid)= $ 822,000 which provides a cap rate of 5.7 per seller. GREAT OPPORTUNITY!
Primary Features
County:
San Bernardino
Price Reduction Date:
2019-11-29T05:51:44+00:00
Property Sub Type:
Own Your Own
Property Type:
Commercial Sale
Year Built:
1975
Interior
Heating:
yes
Heating Type:
Forced Air, Natural Gas
Location
MLS Area Major:
DC531 - Central East
Additional
List Agent State License:
01735253
Parcel Number:
0595172190000
Financial
Special Listing Conditions:
Standard
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Listed by: DavePaulette Renney, DRE #01735253 from Bennion Deville Homes
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