307 W Avenue I 6,885 SF 100% Leased Industrial Building Lancaster, CA 93534 $1,249,000 ($181.41/SF) 6.29% Cap Rate

FOR SALE
Industrial Yard + Income Property | Owner-User Opportunity
307 W Avenue I, Lancaster, CA 93534
APNs: 3137-015-023 & 3137-015-024
Executive Summary
Liberty Business Advisors is proud to present a rare multi-tenant industrial yard investment in the rapidly growing Lancaster / Antelope Valley industrial corridor.
This property offers a unique combination of in-place income, strong upside potential, and owner-user flexibility, making it ideal for contractors, automotive users, fleet operators, or light industrial businesses seeking yard space — one of the tightest asset classes in the region.
The property consists of ±47,998 SF (1.10 Acres) of Commercial / Light Industrial land improved with three buildings totaling approx. 6,000+ SF (Title reflects 3,552 SF — Buyer to verify). The site is currently occupied by three service-based tenants, including two month-to-month leases, allowing immediate repositioning or expansion by a new owner.
Industrial outdoor storage and contractor yard properties in Lancaster are extremely limited and rarely available, creating a compelling acquisition opportunity.
Pricing & Investment Summary
Asking Price: $1,249,000
Current NOI $78,600 / year
Pro-Forma NOI ~$105,000 / year
Current Cap Rate 6.29%
Stabilized Cap Rate ~8.4%
Price Per Land SF ~$26/SF
Property Overview
Lot Size: ±47,998 SF (±1.10 Acres)
Buildings: 3 structures totaling approx. 6,000+ SF (Buyer to verify)
Zoning: Commercial / Light Industrial (Buyer to verify)
Parking/Yard: Large open yard with multiple access points
Access: Close proximity to Sierra Hwy, Avenue J & Highway 14
Tenant Roster
Tenant Use Rent Lease
Smog & Electrical / Diagnostics Automotive Service $2,600/mo Month-to-Month
Auto Body Prep / Insurance Work Automotive $2,800/mo 2-Year Lease
Flooring Contractor Contractor / Storage $1,150/mo Month-to-Month
Total Monthly Rent: $6,550
Annual Income: $78,600
Investment Highlights
? 1.10-acre industrial yard property
? Multi-tenant income in place
? Two month-to-month tenants = immediate flexibility
? Strong 6.29% in-place cap rate
? Upside to ~8.4% stabilized cap
? Priced below replacement cost
? Rare contractor yard + buildings combination
? High demand industrial submarket
Owner-User Opportunity
This property is perfectly suited for an owner-user seeking yard space while maintaining income.
Possible strategy:
• Occupy majority of site immediately
• Keep existing tenants for supplemental income
• Eventually utilize entire property (excluding 2-year lease tenant)
• Expand outdoor storage, fleet yard, or contractor operations
Properties offering yard + buildings + income are extremely difficult to find in this market.
Value-Add Upside
Current rents are below market for industrial yard properties.
Typical Antelope Valley rents:
Property Type Market Rent
Small Industrial Buildings $1.40 – $1.80/SF
Contractor Yard Space $0.25 – $0.50/SF land
Projected Stabilized Income: ~$105,000 annually
Lancaster Industrial Market Overview
Lancaster continues to experience strong growth driven by:
• Aerospace & defense expansion
• Logistics and warehousing growth
• Population migration from Los Angeles Basin
• Limited supply of industrial land
• Strong contractor and automotive demand
Nearby economic drivers include:
• Edwards Air Force Base
• Lockheed Martin & Northrop Grumman
• Palmdale Regional Airport
• Highway 14 logistics corridor
Industrial yard properties remain one of the most undersupplied asset classes in the Antelope Valley.
Ideal Uses
Perfect for:
• Contractor yard
• Automotive repair / fleet service
• Construction companies
• HVAC / plumbing / electrical contractors
• Equipment rental & storage
• Light manufacturing
• Owner-user industrial business
Comparable Market Snapshot
Metric Market Range
Land Value $22 – $32 per SF
Industrial Cap Rates 6.75% – 7.75%
This property is priced strategically for both investors and owner-users, aligning with current market trends while offering significant upside potential.
Offering Notes
• Square footage and zoning to be verified by Buyer
• Drive-by only — do not disturb tenants
Contact
Liberty Business Advisors
Houmehr “Mike” Panoussi – Business & Commercial Broker
DRE #01853627
?? 661-816-1141
?? panoussi.Lba@gmail.com