$840,000

7211 Joshua Lane

Yucca Valley CA, 92284

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!

Details

MLS#18333552PS
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1975
Days On Site249

Features

Story(s)1

Market Activity 92284

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Area Information
StateCA
CountySan Bernardino
CityYucca Valley
Zip Code92284
AreaDC531 - Central East
Listing VS Median (in 92284)
Price:
$840,000
low | high
Med:
$119,000
100% of Average
On Site:
249
low | high
Med:
76
100% of Average
Listing Updated: November 27, 2020 10:40:29 PM PST
DavePaulette Renney LogoMLS Number: 18333552PS
Listing Provided By:
DavePaulette Renney  of  Bennion Deville Homes
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