For Sale
$280,000

9236 California City BlvdCalifornia City, CA 93505

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

Overview

Added:
Dec 11, 2024
Days on market:
114
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
9236 California City Blvd, California City, California

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9236 California City Blvd
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