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Investment Highlights

  • Frontage on 10th St west with ADT 20,200.
  • 2 Building portfolio 42662 is currently leased, 42704 is vacant for potential owner occupancy
  • Strategic "mid-cities" location with convenient freeway access just minutes away

Executive Summary

2-building portfolio, APN 3128-009-109 & 3128-009-110.42662 and 42704 10th St West. 42704 is 16,000+/-sf with block construction featuring a spacious front showroom and office area served with HVAC along with some storge in the back along with an attached 8,000+/- sf warehouse building in the rear. All of this on a 31,713+/- sf lot that includes detached loading dock in the back! 42662 is a 9,982+/- sf building of block construction that offers a heated and cooled front showroom and office area and a large warehouse area featuring 5-12’X12’ g/l doors and a small paved and fenced storage yard in the back. This building is currently leased to Arctic Air, a local HVAC sales and service company. Both buildings offer great exposure along 10th St West, the major artery connecting the cities of Lancaster and Palmdale that offers an ADT of 20,200!

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,900,000
Price Per SF $243.75
Sale Type Investment or Owner User
Cap Rate 6.31%
Sale Condition Bulk/Portfolio Sale
Property Type Flex
Property Subtype
Showroom
  • Showroom
  • FlexLight Distribution
Building Class C
Lot Size 1.35 AC
Rentable Building Area 16,000 SF
No. Stories 1
Year Built 1981
Clear Ceiling Height 16’
Opportunity Zone Yes
Zoning LI - Light Industrial
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
3128-009-109
Land Assessment
$121,286 (2025)
Improvements Assessment
$862,110 (2025)
Total Assessment
$983,396 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
  • Listing ID: 40010341

  • Date on Market: 4/2/2026

  • Last Updated:

  • Address: 42704 10th St W, Lancaster, CA 93534

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