190 Sierra CtPalmdale, CA 93550

Property Details for 190 Sierra Ct

Year built

1987

Construction

TILT-UP CONCRETE

Lot size

5.93 AC

Property size (Sq ft)

98,385 SF

Zone code

PDC5

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

3128-015-002

APU

3128015002

Description

This exceptional investment opportunity presents the Sierra Highway Plaza, a stabilized multi-tenant industrial complex located at 190 Sierra Ct, Palmdale, CA 93550. The property encompasses 89,880 square feet of rentable space across three single-story buildings situated on a 10.16-acre lot. Built in 1987 and zoned C5, the complex boasts a 93.5% occupancy rate with 93 tenants under gross leases. The diverse tenant mix includes executive office, flex, and warehouse spaces, providing a stable income stream. Key features include 27 drive-thru loading doors, 18-foot ceiling heights, and fully air-conditioned, insulated, and individually metered units. The property's strong performance is reflected in its 7.00% cap rate and $150.20 per square foot price. The net rentable area is 86,048 square feet. Rent bumps are in place, ensuring future income growth. This meticulously maintained property, with its attractive landscaping, presents a compelling investment opportunity in a prime Los Angeles County location. The Los Angeles County Assessor's Parcel Numbers (APN) are 3128-015-001 and 3128-015-002. The asking price for this stabilized investment is $13,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $35,742,720

  Hospitality

  $32,740,138

  Educational

  $27,239,412

  Medical

  $28,176,216

  Retail

  $42,372,416

Location Insight

City

Palmdale

County

Los Angeles

State

California

Latitude

34.6396

Longitude

-118.129

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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