18930 Ca-18Apple Valley, CA 92307

Property Details for 18930 Ca-18

Year built

1988

Property size (Sq ft)

5,400 SF

Property type

Office properties

Property subtype

Lifestyle centers

Description

This multi-tenant commercial property in Apple Valley, CA, presents a compelling investment opportunity. Located at 18930 CA-18, this two-story, 5,400 square foot building sits on a 19,602 square foot lot. Built in 1988, the property boasts a Class C rating and currently enjoys 70% occupancy across seven units. Current tenants include a diverse mix of businesses such as a tax service, medical transportation company, counseling practice, and a hair salon. The property features recently upgraded elements including new flooring in three units and a well-maintained roof and AC system. The asking price is $730,000, representing a current cap rate of 5.40% and a pro-forma cap rate of 7.94%. The current Net Operating Income (NOI) is $39,440, with a pro-forma NOI of $57,944. Approximately 1,575 square feet is currently available, making this ideal for an owner-user seeking additional space or an investor looking to increase occupancy and revenue. This prime location at a signalized corner off Highway 18 offers excellent visibility and accessibility. Financial details are available upon request. This is a rare opportunity to acquire a well-maintained, multi-tenant property with significant upside potential in a growing market.

Location Insight

City

Apple Valley

County

San Bernardino

State

California

Latitude

34.5378

Longitude

-117.251

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