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17415 Catalpa Street

Hesperia, CA 92345

$3,350,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $111 / sqft

1987

calendar_month Built

Property Description

FOR SALE: 100% Occupied Industrial Commercial Complex. Last sold in the early 2000s, the Property was built in 1987 and is comprised of 3 buildings totaling ±30,064 SF on ±2.5 AC of land. Originally designed for 37 tenants, many tenants have expanded or have taken multiple units for their business growth. Fully occupied, almost all tenants are on month to month tenancy, allowing the opportunity for rental increases to current market values. Industrial is high in demand and with little vacancy, supply and demand have kicked in with rates increasing. The Seller is in the process of installing solar to the Property in order to eliminate the majority of electricity expense. This will be paid outright by Seller. Current tenants are comprised of auto, light manufacturing, office and adult entertainment. The Property is located in the industrial hub of Hesperia, CA in the High Desert. This is an ideal location for industrial and commercial business, surrounded by other mixed-use industrial, manufacturing, and general commercial. The Property neighbors the BNSF rail and is conveniently located between the two main arterials in the City. Hesperia continues to be one of the fastest growing cities in the US because of its affordable housing, pleasant desert climate, clean air, and breathtaking terrain. As coastal, inland logistics industrial spaces wane, the High Desert is becoming the next place to develop and do business. Hesperia and the High Desert are expected to grow tremendously over the next 10 years. Don't Delay. Seller open to carry paper with acceptable terms. Buyer to verify all.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 17415 Catalpa Street
City Hesperia
State CA
Zip 92345
County San Bernardino
Listing Agent Tony Scafidi DRE#01887228
Co-Listing Agent James Langley DRE#01438775
Courtesy Of Rigel Capital
MLS HD23165398
List Price $3,350,000
Status Active
Type Commercial
Subtype Industrial
Structure Size N/A
Lot Size N/A
Year Built 1987
DOM 290

Exterior Information

Maps

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Listing information courtesy of: Tony Scafidi, James Langley, Rigel Capital . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 19th, 2024 at 6:18 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.