15400 Civic Dr - Office FOR SALE


Victorville, CA 92392
$7,250,000 USD
626-374-5259
15400 Civic Dr, Victorville, CA for Sale
$7,250,000 USD
Office - FOR SALE
1/5
null | 5.94% Cap Rate

15400 Civic Dr
Victorville, CA 92392


HIGHLIGHTS

  • Investment Property with Long Term Stable Tenant

OVERVIEW

Gross Lease Investment Property with a long-term Tenant. This two-story concrete building is conveniently located amidst the City of Victorville’s Civic Center, where the city, county, and state government agencies, legal professionals as well as a variety of retail stores are located. The current Tenant is San Bernardino County Children Support Services, which occupies 80% of the building, and the building has 20% vacant space available for another professional user. The current lease with the tenant is in the process of renewal. The lease is expected to be extended for another 5 years. The property contains plenty of parking spaces, over a 1.13-acre dedicated parking lot which is paved, lit, and nicely landscaped. This paved land is included in the sale price. The location is ideally situated in the heart of Victorville, conveniently off Interstate 15 Freeway and Palmdale Road. It is easy to locate even during heavy traffic timeframes. Victorville is widely known for the Southern California Logistics Airport (SCLA)and industrial manufacturing which constitutes the major source of employment in the High Desert Area. With the new high-speed train project undertaken in the adjacent city, Apple Valley, all the areas are booming.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

5.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

County of San Bernardino Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,054 SF

ZONING

-

APN/PARCEL ID

0396-144-08,0396-144-09

ASK ABOUT THIS PROPERTY

Charles JiangGolden Springs RealtyMore Info
626-374-5259

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Charles JiangGolden Springs RealtyMore Info
626-374-5259

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.