For Sale
$2,385,000

Division St Lancaster, CA 93535

High-yield industrial land, 49 acres.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 49.39-acre industrial property in Lancaster, California, presents a compelling investment opportunity. Located at 100 Division St, 93535, and boasting an APN of 3175-023-001, this fee-simple land is zoned M1 (Light Industrial). Currently operating as a thriving recreational vehicle storage yard and open-air storage facility, the property generates a substantial income stream. Financial projections indicate a pro-forma net operating income (NOI) of $286,164, translating to a pro-forma capitalization rate of 12.00%. The asking price for this high-yield asset is $2,385,000. Situated in Los Angeles County, this expansive lot offers significant potential for future development and expansion within the established industrial sector. The property's current configuration and strong cash flow make it an attractive investment for both seasoned and emerging investors seeking a stable, income-producing asset in a prime location. This is a rare opportunity to acquire a large, well-located industrial parcel with proven income generation.

Highlights

  • 49.39-acre industrial property in Lancaster, CA (APN 3175-023-001).
  • Zoned M1 (Light Industrial), currently operating as an RV storage and open-air storage facility.
  • Generating substantial income with a pro-forma NOI of $286,164 and a pro-forma cap rate of 12.00%.
  • Asking price: $2,385,000.
  • Fee-simple ownership.

Property Details for 0 Division St

Property type
Land, Industrial properties
Lot Size (sq. ft)
2,151,428 SF

Location Insight

City
Lancaster
County
Los Angeles
State
California
Latitude
34.725817461666
Longitude
-118.13069870204

FAQs

What type of property is this?
Land - High-yield industrial land, 49 acres.
Where is the land located?
The property is located at Division St Lancaster, CA.
What is the asking price?
The asking price for this property is $2,385,000.
What are key features of this property?
This property features: 49.39-acre industrial property in Lancaster, CA (APN 3175-023-001).; Zoned M1 (Light Industrial), currently operating as an RV storage and open-air storage facility.; Generating substantial income with a pro-forma NOI of $286,164 and a pro-forma cap rate of 12.00%.
How can I contact the broker?
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0 Division St
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