For Sale
$6,050,700

17582 Gothard St California City, CA 93505

Two buildings, 14,940 SF, prime location

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents two freestanding industrial buildings totaling 14,940 square feet situated on two contiguous parcels encompassing approximately 43,038 square feet in Huntington Beach, California. Located within the highly sought-after West Orange County submarket, these buildings boast a prime location along the Gothard Street industrial corridor, offering convenient access to the 405 and 22 freeways. The property features two buildings constructed in 1980 and 1989, respectively, with concrete tilt-up construction. Each building offers attractive features including prominent Gothard Street frontage, grade-level loading, substantial fenced yard space, ample office areas, and a well-distributed heavy power supply. Ceiling heights range from 16 to 17 feet. The property includes 2.5 parking spaces per 1,000 square feet. Currently occupied by a long-term tenant (over 20 years) with significant capital investments in building equipment, this presents a stable cash flow opportunity with potential for future rent increases. The property is zoned RT - Research Technology and benefits from easy access to major airports (John Wayne, Long Beach, and LAX) and the ports of Long Beach and San Pedro. The asking price is $6,050,700, representing a price per square foot of $405. The lease is a NNN single-tenancy agreement commencing December 14, 2015, and expiring December 13, 2024. This property offers a compelling combination of strong tenant occupancy, desirable location, and significant upside potential.

Highlights

  • Highly desirable West Orange County location, convenient to the 405 and 22 freeways.
  • Net lease with minimal landlord responsibilities.
  • Strong submarket with a low 1.61% vacancy rate.
  • Stable cash flow from a long-term tenant with substantial building improvements.
  • Below-market rent offers significant upside potential upon lease renewal.
  • Extensive tenant improvements increase likelihood of lease renewal.

Property Details for 17582 Gothard St

Property type
Warehouses, Office properties
Square Feet
14,940 SF
Buildings
2

Location Insight

City
California City
County
Kern
State
California
Latitude
35.1146082
Longitude
-117.9717606

FAQs

What type of property is this?
Warehouse - Two buildings, 14,940 SF, prime location
Where is the warehouse located?
The property is located at 17582 Gothard St California City, CA.
What is the asking price?
The asking price for this property is $6,050,700.
What are key features of this property?
This property features: Highly desirable West Orange County location, convenient to the 405 and 22 freeways.; Net lease with minimal landlord responsibilities.; Strong submarket with a low 1.61% vacancy rate.
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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17582 Gothard St
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