Mojave, CA 93501,16940 State Highway 14
Mojave, CA 93501,16940 State Highway 14
Mojave, CA 93501,16940 State Highway 14
10
$2,000,000
$2,199,000
9.0%
Est.Price: ?

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0.69 Acres Lot

16940 State Highway 14 Mojave, CA 93501

Est. payment /mo
SOLD DATE : 09/26/2022

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Key Details

Sold Price $2,000,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DW21203415

Sold Date 09/26/22

HOA Y/N No

Year Built 1990

Lot Size 0.685 Acres

Property Description

8.24% CAP Rate - Huge opportunity to buy this cash flow property in the booming city of Mojave, California. Calculated with a 5% vacancy factor. CAM dues on property. The net operating income is calculated at: $181,148.63 per year. Yearly gross scheduled income is about: $208,401.36. 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.

Location

State CA

County Kern

Area Mojv - Mojave

Interior

Fireplace No

Laundry None

Building

Lot Description Item01UnitAcre

Story 1

Water Public

Others

Tax ID 23606025000

Financing SellerFinancing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Fernando Spindola • Platinum Real Estate • 323-456-6110
Bought with Paul Baccino • JohnHart Real Estate

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Ken Wallis

Broker Associate | License ID: 1700449

+1(805) 218-3402

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