40360 La Quinta Ln Palmdale, CA 93551
High-Performing Auto Shop, Net Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 15-Year Lease Extension Executed by Tenant.
- Annual Rent Escalations of 2%, with a 10% Increase at Year 9.
- Tenant Acquired Independent Operator Onsite.
- Top-Tier Location: 93rd Percentile Placer.ai Caliber Ranking.
- Strong Demographics: Over 170,900 Residents Within a 5-Mile Radius.
- Significant Rent Growth: 42.3% Increase Over Initial Lease Term.
Property Details for 40360 La Quinta Ln
- Property type
- Retail properties, Auto shops
- Square Feet
- 20,015 SF
- Year Built/Renovated
- 2007/2018
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 102,366 SF
- Units
- 1
Location Insight
- City
- Palmdale
- County
- Los Angeles
- State
- California
- Latitude
- 34.615865
- Longitude
- -118.1397439
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Performing Auto Shop, Net Lease
- Where is the retail property located?
- The property is located at 40360 La Quinta Ln Palmdale, CA.
- What is the asking price?
- The asking price for this property is $5,300,000.
- What are key features of this property?
- This property features: 15-Year Lease Extension Executed by Tenant.; Annual Rent Escalations of 2%, with a 10% Increase at Year 9.; Tenant Acquired Independent Operator Onsite.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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