16940 State Highway 14, Mojave, CA

Shopping Center for Sale - $1,999,000 - 12,000 Sq. Ft. on 0.69 acres


Agent Info

Fernando Spindola
Excellence Real Estate

Property Info

CIMLS#1085163
Location
  16940 State Highway 14
  Mojave CA 93501
UpdatedMay 31st, 2021
TypeShopping Center
Price$1,999,000
Building12,000 Sq. Ft.
Land0.69 acres

Attached Documents


Contact


Property Description

8.45% CAP Rate - Huge opportunity to buy this cash flow property in the booming city of Mojave, California. All calculations below are based on a 5% vacancy factor and a 10% expense factor. The net operating income is calculated at: $168,918.38 per year. Yearly gross scheduled income is about: $197,565.36. All Tenant information is private and will be given when an NDA is signed. There is a Tesla charging station in the parking lot. Great and strong looking structure. As you can see this is a great investment opportunity and a great location overall. Property looks in good working condition and seller is ready to sell to move on. Let's put a deal together.

Show Instructions: PLEASE BE VERY DISCRETE!!! ALL TENANTS ARE NOT AWARE OF SALE. Ask listing agent how to view.

Brokers: Submit your commission request before you send your offer or include it in your LOI.


Financials

CAP Rate: 8.45%

Gross Scheduled Income: $197,565.36

Net Operating Income: $168,918.38