1686 Sierra Highway

    Acton, CA 93510
    • $2,980,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: PW18129654
    UPDATED: 30 min ago
    $2,980,000
    • 0
      BEDS
    • 8.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    This is an incredible opportunity to own propertyalong the (14) Freeway, adjacent to the on and offramps. Located in the Antelope Valley Sub-market,the zoning is wide-ranging which allows for a myriadof uses. Tenant occupies approx. 3.73 acrespaying$105,000 per year (NNN Lease). Their leaseexpires 10/1/2019. There is a possibility the Tenantcan leave early if the Buyer prefers to use theproperty.The adjacent ~4.8 acres is available now. Buyer mayuse the available space or lease it out to a new tenant.Strong demand throughout this cycle has compressedvacancies to a historically low level of 3.8%. Whileretail centers in affluent neighborhoods have beendriving demand throughout this cycle, the last yearhas primarily benefited the outlying parts of themetro, such as the Antelope Valley. Rent growth hasbeen moderating as of late, yet here too the outlyingparts of the metro have posted the biggest year-overyeargrowth rates. Retail development has beenmodest over the last four quarters, following a largewave of deliveries in the first half of 2017 that werematched with strong leasing activity. Investmentactivity has been stable over the last six quarters andat about the metro's historic average.Even as big box stores closed, their large spaces havebeen routinely snapped up by other retailers or nontraditionalusers of retail stores.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T07:29:31.453. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84184676

    1686 Sierra Highway Acton, CA 93510

    • Price: $2,980,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: PW18129654
    0
    Beds
    0
    Baths
    0
    ½ Baths
    8.54
    Acres
    Neighborhood:
    Rancho Santiago (Rhst)
    County:
    Los Angeles
    Area:
    ACTO - Acton
    Property Description
    This is an incredible opportunity to own propertyalong the (14) Freeway, adjacent to the on and offramps. Located in the Antelope Valley Sub-market,the zoning is wide-ranging which allows for a myriadof uses. Tenant occupies approx. 3.73 acrespaying$105,000 per year (NNN Lease). Their leaseexpires 10/1/2019. There is a possibility the Tenantcan leave early if the Buyer prefers to use theproperty.The adjacent ~4.8 acres is available now. Buyer mayuse the available space or lease it out to a new tenant.Strong demand throughout this cycle has compressedvacancies to a historically low level of 3.8%. Whileretail centers in affluent neighborhoods have beendriving demand throughout this cycle, the last yearhas primarily benefited the outlying parts of themetro, such as the Antelope Valley. Rent growth hasbeen moderating as of late, yet here too the outlyingparts of the metro have posted the biggest year-overyeargrowth rates. Retail development has beenmodest over the last four quarters, following a largewave of deliveries in the first half of 2017 that werematched with strong leasing activity. Investmentactivity has been stable over the last six quarters andat about the metro's historic average.Even as big box stores closed, their large spaces havebeen routinely snapped up by other retailers or nontraditionalusers of retail stores.
    Exterior Features

    Lot Features 6-10 Units/Acre Lot Size Units Acres View None View YN No

    Property Features

    Additional Parcels Description 30570150523057015028 Additional Parcels YN Yes Association Fee 0.00 Association YN No Community Features Valley Country Us Distance To Water Comments 1/4 Of A Mile Elevation Units Feet Land Lease YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Rancho Santiago (Rhst) Water Source Public Zoning A-1CrRural Commercial

    Listing provided courtesy of Erin Williams of First Team Real Estate and John Gessford of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T07:29:31.453. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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