16910 State Highway 14, Mojave, CA

Shopping Center for Sale - $1,299,000 - 9,956 Sq. Ft. on 1.76 acres


Agent Info

Fernando Spindola
Excellence Real Estate

Property Info

CIMLS#1088863
Location
  16910 State Highway 14
  Mojave CA 93501
UpdatedFebruary 13th, 2021
TypeShopping Center
Price$1,299,000
Building9,956 Sq. Ft.
Land1.76 acres

Attached Documents


Contact


Property Description

Request Confidential version of Offering Memorandum with Confidential Agreement.

Great investment with a lot of potential due to the varied business types at this property.? Estimated current Gross Scheduled Income: $68,676 per year.? Minus 10% vacancy factor and minus another 10% expense factor, Net Operating Income is about: $55,627.? Proforma Gross Scheduled Income: $116,676 with estimated Capitalization rate: 7.27%.? Located right next to Stater Brothers which brings in a lot of foot traffic.? Property is part of a wing in a shopping center, the other wing is also for sale, along with the stand alone restaurant at the entrance of the parking lot.? Seller is motivated.? Tenants have been current and appear COVID resilient.? There are different types of businesses located at this strip center.? Must see and drive by.?


Financials

Actual Financials: 4.28% CAP Rate. Yearly gross income = $68,676 - 10% estimated vacancy factor - 10% estimated expenses = $55,627 Net operating income. $55,627 / Divided By / $1,299,000 = 4.28% CAP Rate.

ProForma: 7.27% CAP Rate. Yearly gross income = $116,676 - 10% estimated vacancy factor - 10% estimated expenses = $94,507 Net operating income. $94,507 / Divided By / $1,299,000 = 7.27% CAP Rate.



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