15028 7Th StVictorville, CA 92395

Property Details for 15028 7Th St

Property size (Sq ft)

13,609 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 13,609 square foot, single-story retail building situated on a 1.06-acre lot in Victorville, California. Constructed in 1979, the property currently boasts 11-12 units, with some tenants occupying two units. The building is 70% occupied, with four vacant units available, offering immediate potential for increased revenue. Current monthly rent totals $8,000, with modified gross leases in place. Vacant units are being offered at a competitive asking price of $0.90 to $1.00 per square foot. The property is self-managed, with common area utilities averaging $115 per month. Landlord-paid expenses include water, sewer, and trash, totaling $550 per month. Annual insurance costs are $3,600. Tenants are current on rent, and they are responsible for their own electricity and gas. This property offers a strong cash flow and significant upside potential for a savvy investor seeking a multi-tenant retail asset in a growing California market. The asking price is $1,799,000. The property is located at 15028 7th Street, Victorville, CA 92395.

Location Insight

City

Victorville

County

San Bernardino

State

California

Latitude

34.4933

Longitude

-117.303

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