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124 W Ovington St 4,000 SF Retail 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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,000 SF
Building Class
B
Year Built
1990
Price
$1,080,000
Price Per SF
$270
Cap Rate
6.22%
NOI
$67,176
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
LRM1* - Industrial
Parking
12 Spaces (3 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
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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124 W Ovington St
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