3335-3351 75Th StRosamond, CA 93560

Property Details for 3335-3351 75Th St

Year built

1991

Lot size

2.54 AC

Property size (Sq ft)

9,000 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

Description

This exceptional investment opportunity presents two industrial buildings totaling 9,000 square feet on a 2.54-acre lot in Rosamond, California. Ideally situated adjacent to the renowned Willow Springs International Raceway, the property boasts a prime location with significant upside potential. Each of the two buildings, constructed in 1991, offers approximately 4,500 square feet of shop-style space, currently 100% occupied by long-term tenants on month-to-month leases. The property generates a current net operating income (NOI) of $90,000, representing a pro-forma cap rate of 11.61%. However, the current monthly income of $3,375 is significantly below market value, presenting a substantial opportunity for increased revenue through lease renegotiations or attracting new tenants. The property is zoned Commercial/Industrial M2 and features a septic tank, separate electric meters for each building, and no gas service. The asking price is $775,000, or $387,500 per unit, and the price per square foot is $86.11. The property's APN is 252-141-09-00-2. Buyers are responsible for verifying all aspects of the property during their due diligence. This is an owner-user or investment opportunity with significant potential for growth.

Location Insight

City

Rosamond

County

Kern

State

California

Latitude

34.8686

Longitude

-118.265

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