Listed by Marcus & Millichap - Orange County
$1,127,000
US LBM | Absolute NNN Lease
Details
APN 0595-161-11-0000, 0595-161-12-0000
Property Type Industrial
Sub Type Warehouse, Distribution
Square Footage 9,460
Cap Rate 5.50%
NOI $62,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 12/31/2033
Rent Bumps No
Lease Options Four, Five-Year @ Cumulative CPI with 15% Max
Price per SqFt $119
Year Built 1965
Acreage 1.970
Investment Type Net Lease
Lease Commencement 12/15/2015
Industrial | 5.50% CAP | 9,460 SqFt
Marketing description
Strong Real Estate Fundamentals
- Highly Desirable Site: The Property Boasts a Rare 1-Acre Lot of Useable Outdoor Storage Space, a Key Feature in Today's Market
- Prime Location: Located in Central Yucca Valley with a High Barrier to Entry for New Development
- Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market
Investment highlights
- US LBM: One of the Nation's Largest Building Materials Distributors
- In-Place Rent Sits More Than 50% Below Market
- Low Price Point: Offers Investors a Lower Total Capital Requirement for an Absolute NNN Industrial Asset
Strong Credit Tenant
- Market Leadership: US LBM Operates Over 460 Locations Across the U.S. with Over $8 Billion in Annual Revenue
- Well Capitalized: Tenant is Backed by Bain Capital and Platinum Equity
- E-Commerce & Recession-Resilient: US LBM Business Model Is Well-Suited to Thrive in Various Economic Conditions
- Positioned Just Off Highway 62, the Area's Primary Commercial Corridor, With Reported Traffic of 44,500 Cars Per Day and Immediate Access to Yucca Valley's Core Retail, Civic, Aviation, and School Demand Drivers
Listing Contacts
Listed by Marcus & Millichap - Orange County
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,000.00
$5,166.67/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
