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Executive Summary

Discover a prime investment opportunity with this remarkable
property in Lancaster, CA. Boasting a spacious 10,900 square foot
building ideally suited for an Industrial / Office Showroom investor,
this meticulously renovated property offers the perfect blend of
modern amenities and industrial functionality. With its excellent
location within the Industrial area and versatile zoning, and long-term
tenant, this 1-unit building presents a compelling investment
prospect. Renovated in 2024, the property reflects contemporary
design and functionality, offering 100% occupancy potential for savvy
investors. Don't miss the chance to capitalize on this turnkey
opportunity for industrial and office showroom success.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
10,900 SF
Building Class
C
Year Built
1980
Price
$2,099,000
Price Per SF
$192.57
Cap Rate
6.07%
NOI
$127,366
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.58 AC
Zoning
M120000 - Industrial commercial
Parking
120 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
145’ on 23rd St West

Amenities

  • Bus Line
  • Freeway Visibility
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • A V Tractor & Turf
  • Wholesaler
  • -
  • -
  • -
  • Manufacturing
  • -
  • -
  • -

Deere & Company began in 1837 when John Deere developed the self-scouring steel plow. The company became a major farm equipment producer and expanded into construction machinery. Today, the company operates through four segments: production and precision agriculture, small agriculture and turf, construction and forestry, and financial services. Deere & Company serves customers worldwide with products such as tractors and excavators, while also providing financial services and precision agriculture technology.

  • Kern Machinery, Inc.
  • Wholesaler
  • -
  • -
  • -
  • Picture This Time
  • Public Administration
  • -
  • -
  • -
  • Real Estate
  • -
  • -
  • -

U-Haul began in 1945, when Leonard Shoen and Anna Mary Carty Shoen turned a need for one-way moving trailers into a rental business that grew through service-station partnerships and a recognizable orange fleet. Today, the company focuses on do-it-yourself moving and storage, offering truck and trailer rentals, towing equipment, U-Box containers, moving supplies, and storage services. U-Haul operates a broad rental network across the United States and Canada and continues to serve customers through roadside assistance and Moving Help services.

Tenant Industry SF Occupied Rent/SF Lease End
A V Tractor & Turf Wholesaler - - -
Manufacturing - - -
Kern Machinery, Inc. Wholesaler - - -
Picture This Time Public Administration - - -
Real Estate - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100

Nearby Major Retailers

Dutch Bros
Starbucks
HYHT CrossFit
Vallarta Supermarkets
Black Angus Steakhouse
Texas Roadhouse
Hertz Equipment Rental
Planet Fitness

Property Taxes

Property Taxes

Parcel Number
3114-014-015
Land Assessment
$62,399
Improvements Assessment
$685,527
Total Assessment
$747,926
  • Listing ID: 39645054

  • Date on Market: 3/3/2026

  • Last Updated:

  • Address: 45223 23rd St W, Lancaster, CA 93536

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