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Sol Plaza 1140 Commerce Center Dr 51,292 SF 100% Leased Retail Building Lancaster, CA 93534 $18,500,000 ($360.68/SF) 5.75% Cap Rate
EXECUTIVE SUMMARY
Located in the Antelope Valley region of northern Los Angeles County, 1140 Commerce Center Drive in Lancaster is a fully leased investment property occupied by the Los Angeles County Department of Children and Family Services, an institutionally recognized tenant with an AAA
credit rating.
51,292 Square Feet of building on 4.84 acres of land area providing for 195 Parking for both employees and visitors. The building has received significant improvements and upgrades to meet all Title 24 compliance including a new insulated roof system and under roof insulated applications for enhanced building efficiency. A new electrical system of 2000 amps will power the building's needs together with 22 separate HVAC units with a combined capacity of 180 tons. The building is further improved with the energy monitoring and controls with the InteliGlas System linking all HVAC units via AI for maximum efficiency. New plumbing and ADA compliant restrooms have also been provided.
credit rating.
51,292 Square Feet of building on 4.84 acres of land area providing for 195 Parking for both employees and visitors. The building has received significant improvements and upgrades to meet all Title 24 compliance including a new insulated roof system and under roof insulated applications for enhanced building efficiency. A new electrical system of 2000 amps will power the building's needs together with 22 separate HVAC units with a combined capacity of 180 tons. The building is further improved with the energy monitoring and controls with the InteliGlas System linking all HVAC units via AI for maximum efficiency. New plumbing and ADA compliant restrooms have also been provided.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
51,292 SF
Building Class
B
Year Built
1988
Price
$18,500,000
Price Per SF
$360.68
Cap Rate
5.75%
NOI
$1,063,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
4.82 AC
Zoning
CPD - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use
Parking
195 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Conferencing Facility
- Food Court
- Property Manager on Site
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3125-021-039 | Improvements Assessment | $2,902,875 |
| Land Assessment | $2,285,520 | Total Assessment | $5,188,395 |
PROPERTY TAXES
Parcel Number
3125-021-039
Land Assessment
$2,285,520
Improvements Assessment
$2,902,875
Total Assessment
$5,188,395
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Sol Plaza | 1140 Commerce Center Dr
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