1686 Sierra Highway

    Acton, CA 93510
    • $2,500,000
    • STATUS: ACTIVE
    • ON SITE: 99 days
    • ID#: 301842001
    UPDATED: 56 min ago
    $2,500,000
    • 0
      BEDS
    • 8.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    This is an incredible opportunity to own property along the (14) Freeway, adjacent to the on and off ramps. Located in the Antelope Valley Sub-market, the zoning is wide-ranging which allows for a myriad of uses. Tenant occupies approx. 3.73 acres paying$105,000 per year (NNN Lease). Their lease expires 10/1/2019. There is a possibility the Tenant can leave early if the Buyer prefers to use the property. The adjacent ~4.8 acres is available now. Buyer may use the available space or lease it out to a new t This is an incredible opportunity to own property along the (14) Freeway, adjacent to the on and off ramps. Located in the Antelope Valley Sub-market, the zoning is wide-ranging which allows for a myriad of uses. Tenant occupies approx. 3.73 acres paying$105,000 per year (NNN Lease). Their lease expires 10/1/2019. There is a possibility the Tenant can leave early if the Buyer prefers to use the property. The adjacent ~4.8 acres is available now. Buyer may use the available space or lease it out to a new tenant. Strong demand throughout this cycle has compressed vacancies to a historically low level of 3.8%. While retail centers in affluent neighborhoods have been driving demand throughout this cycle, the last year has primarily benefited the outlying parts of the metro, such as the Antelope Valley. Rent growth has been moderating as of late, yet here too the outlying parts of the metro have posted the biggest year-overyear growth rates. Retail development has been modest over the last four quarters, following a large wave of deliveries in the first half of 2017 that were matched with strong leasing activity. Investment activity has been stable over the last six quarters and at about the metro's historic average. Even as big box stores closed, their large spaces have been routinely snapped up by other retailers or nontraditional users of retail stores.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/100723115

    1686 Sierra Highway Acton, CA 93510

    • Price: $2,500,000
    • Status: ACTIVE
    • Updated: 56 min ago
    • ID#: 301842001
    0
    Beds
    0
    Baths
    0
    ½ Baths
    8.54
    Acres
    Neighborhood:
    Rancho Santiago (Rhst)
    County:
    Los Angeles
    Area:
    Acton (93510)
    Property Description
    This is an incredible opportunity to own property along the (14) Freeway, adjacent to the on and off ramps. Located in the Antelope Valley Sub-market, the zoning is wide-ranging which allows for a myriad of uses. Tenant occupies approx. 3.73 acres paying$105,000 per year (NNN Lease). Their lease expires 10/1/2019. There is a possibility the Tenant can leave early if the Buyer prefers to use the property. The adjacent ~4.8 acres is available now. Buyer may use the available space or lease it out to a new t This is an incredible opportunity to own property along the (14) Freeway, adjacent to the on and off ramps. Located in the Antelope Valley Sub-market, the zoning is wide-ranging which allows for a myriad of uses. Tenant occupies approx. 3.73 acres paying$105,000 per year (NNN Lease). Their lease expires 10/1/2019. There is a possibility the Tenant can leave early if the Buyer prefers to use the property. The adjacent ~4.8 acres is available now. Buyer may use the available space or lease it out to a new tenant. Strong demand throughout this cycle has compressed vacancies to a historically low level of 3.8%. While retail centers in affluent neighborhoods have been driving demand throughout this cycle, the last year has primarily benefited the outlying parts of the metro, such as the Antelope Valley. Rent growth has been moderating as of late, yet here too the outlying parts of the metro have posted the biggest year-overyear growth rates. Retail development has been modest over the last four quarters, following a large wave of deliveries in the first half of 2017 that were matched with strong leasing activity. Investment activity has been stable over the last six quarters and at about the metro's historic average. Even as big box stores closed, their large spaces have been routinely snapped up by other retailers or nontraditional users of retail stores.
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    Property Features

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    Listing provided courtesy of First Team Real Estate. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130