10875 Rancho Road

    Adelanto, CA 92301
    • $5,500,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: JT19138241
    UPDATED: 13 min ago
    $5,500,000
    • 0
      BEDS
    • 2.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,800
      SQFT
    • $264
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2002
    County:

    School Ratings & Info

    Description

    The subject property is currently leased to the County of San Bernardino, Department of Public Social Services and is located at 10875 Rancho Road, Adelanto, San Bernardino County, California 92301.The County of San Bernardino has continuously occupied the property since April 30, 2002. A new lease has been signed and starts effective July 1, 2019 through June 30, 2024. The County has the option to a +G+Second Extended Term+G- for an additional five (5) year term. The subject property is a 2.42 acre parcel which is improved with a 20,800 square foot office building and is Assessor+GGs Parcel number (APN) 0459-107-12.The parcel has ample room for expansion of the existing building and falls into the Economic Opportunity Zone in the City of Adelanto, California. The property is offered based upon a projected 8.5% CAP rate and annual rent increase of 3.5%.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-18T15:36:21.377. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/96018912

    10875 Rancho Road Adelanto, CA 92301

    • Price: $5,500,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: JT19138241
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.42
    Acres
    20,800
    SQFT
    $264
    $/SQFT
    2002
    Built
    Neighborhood:
    699 - Not Defined
    County:
    San Bernardino
    Area:
    699 - Not Defined
    Property Description
    The subject property is currently leased to the County of San Bernardino, Department of Public Social Services and is located at 10875 Rancho Road, Adelanto, San Bernardino County, California 92301.The County of San Bernardino has continuously occupied the property since April 30, 2002. A new lease has been signed and starts effective July 1, 2019 through June 30, 2024. The County has the option to a +G+Second Extended Term+G- for an additional five (5) year term. The subject property is a 2.42 acre parcel which is improved with a 20,800 square foot office building and is Assessor+GGs Parcel number (APN) 0459-107-12.The parcel has ample room for expansion of the existing building and falls into the Economic Opportunity Zone in the City of Adelanto, California. The property is offered based upon a projected 8.5% CAP rate and annual rent increase of 3.5%.
    Exterior Features

    Lot Features Paved Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Investment Property YN Yes Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Mixed Use Retail Center Type Mixed Use Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Jeffrey Poland of Coldwell Banker Roadrunner


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-18T15:36:21.377. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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