For Sale
$13,500,000

190 Sierra CtPalmdale, CA 93550

High-yield multi-tenant industrial complex in Palmdale, CA.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the Sierra Highway Plaza, a stabilized multi-tenant industrial complex located at 190 Sierra Ct, Palmdale, CA 93550. The property encompasses 89,880 square feet of rentable space across three single-story buildings situated on a 10.16-acre lot. Built in 1987 and zoned C5, the complex boasts a 93.5% occupancy rate with 93 tenants under gross leases. The diverse tenant mix includes executive office, flex, and warehouse spaces, providing a stable income stream. Key features include 27 drive-thru loading doors, 18-foot ceiling heights, and fully air-conditioned, insulated, and individually metered units. The property's strong performance is reflected in its 7.00% cap rate and $150.20 per square foot price. The net rentable area is 86,048 square feet. Rent bumps are in place, ensuring future income growth. This meticulously maintained property, with its attractive landscaping, presents a compelling investment opportunity in a prime Los Angeles County location. The Los Angeles County Assessor's Parcel Numbers (APN) are 3128-015-001 and 3128-015-002. The asking price for this stabilized investment is $13,500,000.

Highlights

  • Stabilized multi-tenant industrial complex in Palmdale, CA.
  • 89,880 SF rentable area (86,048 SF net) on a 10.16-acre lot.
  • 93.5% occupancy with 93 tenants under gross leases.
  • 27 drive-thru loading doors and 18-foot ceiling heights.
  • $13,500,000 asking price, 7.00% cap rate, $150.20/SF.

Property Details for 190 Sierra Ct

Property type
Warehouses, Retail properties
Square Feet
89,880 SF
Year Built
1987
Buildings
3
Stories
1
Lot Size (sq. ft)
442,570 SF
Units
89

Location Insight

City
Palmdale
County
Los Angeles
State
California
Latitude
34.6394179
Longitude
-118.1291834
190 Sierra Ct, Palmdale, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
190 Sierra Ct
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message