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124 W Ovington St 4,000 SF 100% Leased Industrial Building Lancaster, CA 93534 $1,080,000 ($270/SF) 6.22% Cap Rate



Executive Summary
Renovated 4,000 SF Industrial NNN Leased Investment
Renovation Complete 1Q25: New Building Slab, New Restroom, New Paint
Asking Price: $1,080,000
CAP Rate: 6.225%
Single Tenant NNN Lease:
- 63 Month Term, 3 Months 3
- July 1, 2025 through September 30, 2030
- $1.40 NNN
- 3% Annual Increases
- Tenant: https://www.pscgroup.com/
PSC Group utilizing the building for rail car service / storage related to Rio Tinto mining operations
Renovation Complete 1Q25: New Building Slab, New Restroom, New Paint
Asking Price: $1,080,000
CAP Rate: 6.225%
Single Tenant NNN Lease:
- 63 Month Term, 3 Months 3
- July 1, 2025 through September 30, 2030
- $1.40 NNN
- 3% Annual Increases
- Tenant: https://www.pscgroup.com/
PSC Group utilizing the building for rail car service / storage related to Rio Tinto mining operations
Property Facts
| Price | $1,080,000 | Lot Size | 0.22 AC |
| Price Per SF | $270 | Rentable Building Area | 4,000 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.22% | Year Built | 2025 |
| Property Type | Industrial | Parking Ratio | 3/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | $1,080,000 |
| Price Per SF | $270 |
| Sale Type | Investment NNN |
| Cap Rate | 6.22% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 0.22 AC |
| Rentable Building Area | 4,000 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Parking Ratio | 3/1,000 SF |
| Opportunity Zone |
Yes |
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 3138-012-076 | Improvements Assessment | $655,952 |
| Land Assessment | $437,301 | Total Assessment | $1,093,253 |
Property Taxes
Parcel Number
3138-012-076
Land Assessment
$437,301
Improvements Assessment
$655,952
Total Assessment
$1,093,253
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