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6.58% Cap Rate | 100% Occupied | OWC 18245 US Highway 18 6,946 SF 100% Leased Retail Building Apple Valley, CA 92307 $1,375,000 ($197.96/SF) 6.58% Cap Rate
INVESTMENT HIGHLIGHTS
- 6.58% Cap Rate on Actual Income
- Across from St. Mary's Medical Center
- 100% Occupied - Great Mix of Tenants
- High Visibility - Easy Accessible
EXECUTIVE SUMMARY
MGR Real Estate, Inc. proudly presents a fully occupied 7-unit office/retail center totaling ±6,946 SF with a strong 6.58% cap rate. Anchored by a strong mix of established tenants—including dental, floral, counseling, legal, and esthetician services—the property offers stable income and diversified tenant synergy. Ideally positioned directly across from St. Mary’s Medical Center on the highly traveled US Hwy 18, the center benefits from exceptional visibility and accessibility. Its proximity to major retailers, dining options, and key transportation corridors further enhances its long-term investment value. **Owner financing available, subject to terms and seller approval**
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,946 SF
Building Class
C
Year Built
1978
Price
$1,375,000
Price Per SF
$197.96
Cap Rate
6.58%
NOI
$90,475
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.48 AC
Zoning
GC - General Commercial
Parking
34 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
93’ on Outer Hwy 18
AMENITIES
- Bus Line
- Courtyard
- Pylon Sign
- Security System
- Tenant Controlled HVAC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Hair Divas
- Services
- -
- $12.00
- Modified Gross
- Jul 2016
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Hair Divas | Services | - | $12.00 | Modified Gross | Jul 2016 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0473-113-19 | Improvements Assessment | $643,579 |
| Land Assessment | $153,234 | Total Assessment | $796,813 |
PROPERTY TAXES
Parcel Number
0473-113-19
Land Assessment
$153,234
Improvements Assessment
$643,579
Total Assessment
$796,813
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6.58% Cap Rate | 100% Occupied | OWC | 18245 US Highway 18
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