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Property Description

PRICE REDUCED! Prime Location! Well maintained and well established 10 unit office space units with courtyard. A total of 5463 Sq’. Total rent is about $60,000 pa. and after direct expenses achieves a net income before taxes of $47,121. The property is well located in town with easy access and parking. Many of the tenants in the building are long term and turnover has been modest. The property has been upgraded in the past 5 years with a new roof, A/C units, parking asphalt and the cash assets include a $18,160 deposit with the Hi Desert Water Assessment for the sewer improvement project (i.e. a future expense that has been paid). Right behind Chase bank off Hwy 62. Great Opportunity! Close to Joshua Tree National Park! Owner May Carry with acceptable offer. Effective sales price is 840,000 – 18,000 (Water Assessment paid)= $ 822,000 which provides a cap rate of 5.7 per seller. GREAT OPPORTUNITY!

Features
: Forced air, natural gas
1
Additional Information
Bennion Deville Homes
0
CDAR-D76956
CDAR-PS6065
DavePaulette
0595172190000
: Standard

Commercial Sale For Sale

7211 Joshua Lane, Yucca Valley, California 92284

$840,000
Listing ID #18333552PS
Basic Details
Status : Active
DaysOnMarket : 987
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 18333552PS
Price : $840,000
Year Built : 1975
Country : US
State : California
County : San Bernardino
City : Yucca Valley
Zipcode : 92284
ModificationTimestamp : 2020-03-31 12:45:28
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