Description
Invest in a thriving opportunity with this 5-acre industrial property located in the growing city of Ridgecrest, CA. Boasting great visibility and accessibility, this corner lot is the perfect investment for those seeking a solid return or owner-occupants seeking to generate income while operating their business. With 5 tenants, including the prestigious Leidos, and 32 self-storage units, the property is generating a robust annual rental income of over $212,000 and a CAP rate of 7.08%. Don't miss out on this rare opportunity to own a piece of the growing city of Ridgecrest. Contact us for more information on this prime investment property.
Investment Highlights:
Corner lot with great visibility and accessibility
5 tenants, including Leidos
One unit ready for new tenant
32 self-storage units generating $212,000 in annual rental income
Impressive CAP rate of 7.08%
Ideal location with easy access to local amenities and businesses
Opportunity for further development on the 5-acre lot
Location
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Listing Agent: Allanah Toscano Courtesy of: KB REAL ESTATE The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 21st March, 2023 11:10 AM (UTC)
