For Sale
$3,032,640

17592 Gothard StCalifornia City, CA 93505

Two buildings, 14,940 SF, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents two freestanding industrial buildings totaling 14,940 square feet situated on approximately 43,038 square feet of land in Huntington Beach, California. The property, located at 17592 Gothard Street, features two buildings constructed in 1989 with concrete tilt-up construction. The buildings boast prominent Gothard Street frontage, grade-level loading, fenced yards, ample office space, and substantial heavy power. The property is zoned RT - Research Technology and includes two dock-high doors and 1.75 parking spaces per 1,000 square feet. Currently leased under a NNN lease agreement with a single tenant since December 14, 2015, expiring December 13, 2025, the property generates a substantial net operating income (NOI) of $106,001.40. The asking price is $3,032,640, representing a price per square foot of $405. The strategic location along the Gothard Street industrial corridor provides convenient access to the 405 and 22 freeways, nearby retail amenities, and proximity to affluent residential areas and major airports (John Wayne, Long Beach, and Los Angeles International), as well as the ports of Long Beach and San Pedro. The long-term tenant has made significant capital improvements, increasing the likelihood of lease renewal and providing a stable cash flow. This presents a compelling opportunity for investors seeking a strong return in a desirable West Orange County location.

Highlights

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

Property Details for 17592 Gothard St

Property type
Warehouses, Office properties
Square Feet
14,940 SF
Year Built
1989
Buildings
2

Location Insight

City
California City
County
Kern
State
California
Latitude
35.1146082
Longitude
-117.9717606
17592 Gothard St, California City, California

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17592 Gothard St
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