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Shopping Strip

Apple Valley Commercial Plaza

13663 Navajo Rd, Apple Valley, CA 92308

Listing Price: $699,900

Cap Rate
3.44%
Rentable SF
5,500
Lot Size
0.35 acres
Year Built
1985

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Apple Valley Commercial Plaza located in Apple Valley, California. This investment provides an opportunity for an investor to acquire a value-added retail & commercial property with an ideal central location within the Inland Empire. A new purchaser will be acquiring this asset well below replacement costs. The Apple Valley Commercial Plaza will give the new ownership the ability to re-position the property through rental increases, implementing expense reimbursement and effective management. The subject property offers a below-replacement offering price of $136/square foot and a pro forma capitalization rate of 7.9%. The subject property features excellent street frontage and a monument sign on Navajo Road. The Apple Valley Commercial Plaza consists of a single building with approximately 5,500 rentable square feet with 4 retail/commercial suites and was built in 1985. The plaza is well-parked with approximately 26 spaces (5.00/1,000 SF) and occupies a single, 0.35 acre parcel. Zoning is C-V, Commercial. Located just off the intersection highway 18 and Navajo Road, the subject property offers visibility from both roadways. Highway 18 is one of the main thorough lane into Apple Valley. The town of Apple Valley is located in the heart of the Victor Valley in the County of San Bernardino, at an elevation of 3,000 feet. Known as the "High Desert", Apple Valley is strategically located 95 miles northeast of the Los Angeles metropolitan area, 140 miles north of San Diego, and 185 miles south of Las Vegas. The Town has 78 square miles in its incorporated boundaries, and a sphere of influence encompassing 200 square miles. Apple Valley has emerged as a leader in advanced health care systems, spanning the gamut from pediatric services to radiology, with St Mary Medical Center as the hub of state-of-the-art medical services. Lifestyle is unique in Apple Valley ranging from affordable housing for the first-time buyer, to affordable equestrian estate and executive manors. A 1,400-acre master planned retirement community offers a wide range of senior housing. Clean air, low crime rates, and open spaces permits Apple Valley to be the land of opportunity for those who are seeking a better place to live, work and play.

Investment Highlights

  • Value-Added Investment through Management
  • Capitalization Rate: Actual 3.4%/ Proforma 7.9%
  • $136/ Square Foot - Priced Significantly Below Replacement Costs
  • High Identity Street Frontage & Signage
  • Located Just off the Signalize Intersection of Highway 18 & Navajo Road

Exclusively Listed By

Shopping Strip

Apple Valley Commercial Plaza

Listing Price: $699,900

Cap Rate
3.44%
Rentable SF
5,500
Lot Size
0.35 acres
Year Built
1985

Investment Highlights

  • Value-Added Investment through Management
  • Capitalization Rate: Actual 3.4%/ Proforma 7.9%
  • $136/ Square Foot - Priced Significantly Below Replacement Costs
  • High Identity Street Frontage & Signage
  • Located Just off the Signalize Intersection of Highway 18 & Navajo Road

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Apple Valley Commercial Plaza located in Apple Valley, California. This investment provides an opportunity for an investor to acquire a value-added retail & commercial property with an ideal central location within the Inland Empire. A new purchaser will be acquiring this asset well below replacement costs. The Apple Valley Commercial Plaza will give the new ownership the ability to re-position the property through rental increases, implementing expense reimbursement and effective management. The subject property offers a below-replacement offering price of $136/square foot and a pro forma capitalization rate of 7.9%. The subject property features excellent street frontage and a monument sign on Navajo Road. The Apple Valley Commercial Plaza consists of a single building with approximately 5,500 rentable square feet with 4 retail/commercial suites and was built in 1985. The plaza is well-parked with approximately 26 spaces (5.00/1,000 SF) and occupies a single, 0.35 acre parcel. Zoning is C-V, Commercial. Located just off the intersection highway 18 and Navajo Road, the subject property offers visibility from both roadways. Highway 18 is one of the main thorough lane into Apple Valley. The town of Apple Valley is located in the heart of the Victor Valley in the County of San Bernardino, at an elevation of 3,000 feet. Known as the "High Desert", Apple Valley is strategically located 95 miles northeast of the Los Angeles metropolitan area, 140 miles north of San Diego, and 185 miles south of Las Vegas. The Town has 78 square miles in its incorporated boundaries, and a sphere of influence encompassing 200 square miles. Apple Valley has emerged as a leader in advanced health care systems, spanning the gamut from pediatric services to radiology, with St Mary Medical Center as the hub of state-of-the-art medical services. Lifestyle is unique in Apple Valley ranging from affordable housing for the first-time buyer, to affordable equestrian estate and executive manors. A 1,400-acre master planned retirement community offers a wide range of senior housing. Clean air, low crime rates, and open spaces permits Apple Valley to be the land of opportunity for those who are seeking a better place to live, work and play.

Exclusively Listed By

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