16224 Koala Road Adelanto, CA ^$ 4,200,000

16224 Koala Road

^$ 4,200,000

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16224 Koala Road

Adelanto, CA, 92301

^$ 4,200,000

Studio Baths0.0 Sq 9,450

Monthly Estimate*

^$ 27,915

Listed by Lee & Associates

16224 Koala Road, Adelanto, CA 92301 - Image 1

16224 Koala Road, Adelanto, CA 92301 - Image 2

16224 Koala Road, Adelanto, CA 92301 - Image 3

16224 Koala Road, Adelanto, CA 92301 - Image 4

16224 Koala Road, Adelanto, CA 92301 - Image 5

16224 Koala Road, Adelanto, CA 92301 - Image 6

Studio

Commercial Property for sale in Adelanto, CA

for $4,200,000. This 9,450 square foot building was built in 1997 on a lot size of 0.9403.

Discover this investment opportunity with a Single Tenant NNN Cannabis Investment, currently generating a monthly cash flow of ±$24,061.21. The lease, initiated in September 2020, extends through August 31, 2030, providing a solid seven years of lease term remaining. Enjoy the assurance of a 3.00% annual increase to the base rent, ensuring continued growth! The tenant has committed to the property through substantial improvements, and their approach includes collaboration with a consultant to execute planned enhancements and secure a Conditional Use Permit from the City of Adelanto. The tenant has consistently met rent obligations since the sixth month of the first year. With a lease duration, consistent cash flow, and tenant-driven property enhancements, this investment stands as a compelling prospect in the cannabis market. Don't miss out on the opportunity for a stable and thriving investment!

Commercial Active

Price

^$ 4,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Industrial

Lot Size

0.9403

Year Built

1997

Town/City

Adelanto

County/Region

San Bernardino

MLS | Web ID

HD23222850

Days on Market

184

Features

General

Utilities ElectricityConnected SewerConnected WaterConnected

Zoning Adelanto Industrial Park

Year Built 1997

Property SubType Industrial

County San Bernardino

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Property is located on Koala Road accessed via Ranchero Road

City Adelanto

View Y/N N

Senior Community Y/N N

MLS Area ADL - Adelanto

Lot Size Units SquareFeet

Lot Size Square Feet 40959.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Koala

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 86

Building Area Units SquareFeet

Standard Status Active

Occupancy Type Owner

Year Built Source PublicRecords

Property Sub Type Additional Industrial

Exterior

Lot Features RectangularLot Yard

Water Source Public

Lot Size Area 40959.0

Number of Buildings 1

Spa N

Building Area Total 9450.0

Street Suffix Road

Lot Size Acres 0.9403

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 16224

* Excluded Features

List By

Lee & Associates

Broker

PCasilla@Lee-Associates.com

Affordability Calculator

$27,915

Per Month

Monthly Principal & Interest: $27,915
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Adelanto, CA

Average List Price ^$2,212,922

Percent of Sale Price 47%

About Adelanto, CA

34,877 Population

89% Since 2002

^$30,885 Median Income

28.57 Median Age

53% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/9/2023	$4,200,000		Listed Price

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16224 Koala Road, Adelanto, CA, 92301 is a Commercial Property for sale at $4,200,000 with 9,450 sqft and a lot size of 0.9403. 16224 Koala Road is a studio with 0.0 baths and was built in 1997. The property's zip code is 92301 which is in Adelanto, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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16224 Koala Road

Commercial Property for sale in Adelanto, CA

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