40022 10th St W | Palmdale, CA 93551
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40022 10th St W
Palmdale, CA 93551
Hobby Lobby | 10-Yr. NNN | Assumable Loan · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong National Tenant / 932 locations in 47 States
- Value Add Opportunity | Development Potential | Scheduled Rent Increases | Potential $310,000 Additional Annual Income
- Below Market Rent / Low Price per Square Foot / Below Replacement Cost for Newer Construction in LA County
- Potential for A New QSR Pad to Be Built/Upside Opportunity | Estimated $180,000/Year Ground Rent.
- Highly Attractive Rental Increases / Long Term Lease / Ease of Management
- Favorable Existing Loan Assumption Available with Below Market Terms
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
55,045 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
4.09 AC
Zoning
C-4 - Commercial
Parking
277 Spaces (5.04 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 3005-049-027 | Improvements Assessment | $8,063,794 |
| Land Assessment | $3,413,486 | Total Assessment | $11,477,280 |
PROPERTY TAXES
Parcel Number
3005-049-027
Land Assessment
$3,413,486
Improvements Assessment
$8,063,794
Total Assessment
$11,477,280
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