For Sale
$280,000

9236 California City Blvd California City, CA 93505

1,753 SF, 6.13% Cap Rate, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 1,753-square-foot freestanding medical office building in California City, CA. Currently 100% leased to Hall Ambulance, a highly creditworthy and pandemic-proof tenant, under a triple-net (NNN) lease, this property offers significant advantages for investors. The building boasts a strong 20+ year operating history at this location, with the tenant responsible for all expenses and property taxes, minimizing landlord responsibilities. The current annual gross income is $17,160, generating a 6.13% cap rate. Hall Ambulance recently extended their lease, demonstrating their long-term commitment to the site. The property sits on a 0.22-acre lot and features ample private parking with California City Blvd frontage. The building itself is well-maintained and includes multiple private rooms, a kitchen and dining area, and private restrooms. Located in a strategic trade area with approximately 111,679 residents within a 5-mile radius, this property offers a stable income stream with potential upside through future lease increases or owner-occupancy. The property's Commercial Office zoning provides flexibility for future uses. The asking price is $280,000, representing a compelling price per square foot of $159.73. This is a turnkey investment opportunity with a proven track record and a strong tenant. The APN is 205-071-05.

Highlights

  • 1,753 SF freestanding medical office building.
  • 100% leased to Hall Ambulance, a triple-net (NNN) tenant.
  • 20+ year operating history at this location.
  • Tenant pays all operating expenses and property taxes.
  • Credit tenant: Hall Ambulance, a pandemic-proof business; $17,160 annual NOI.

Property Details for 9236 California City Blvd

Property type
Office properties, Medical offices
Square Feet
1,753 SF
Lot Size (sq. ft)
9,583 SF

Location Insight

City
California City
County
Kern
State
California
Latitude
35.1255703
Longitude
-117.9625405

FAQs

What type of property is this?
Office property - 1,753 SF, 6.13% Cap Rate, NNN Lease
Where is the office property located?
The property is located at 9236 California City Blvd California City, CA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,753 SF freestanding medical office building.; 100% leased to Hall Ambulance, a triple-net (NNN) tenant.; 20+ year operating history at this location.
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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9236 California City Blvd
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