3121 E I Avenue, Lancaster, CA 93535
- $1,100,000
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- PI25188471
- Lot Size
- 107,991
- Acres
- 2.48
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 343
- Property Type
- Commercial
- Property Sub Type
- Industrial
Property Description
Rare opportunity to own this desirable multiple tenant investment property in Lancaster. All tenants are on modified gross leases. American Medical Response, Verizon wireless cellular antenna and Dura-Bilt homes have been in this location for many years. This property has a stable diversified income stream for an investor. The current annual NOI is roughly $67,000, which makes it a solid 6% cap rate property.
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Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $89,756
Listing courtesy of Listing Agent: James Kelsey (jim.kelsey1@gmail.com) from Listing Office: Century 21 Masters.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.