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For Sale
9329-9331 Mariposa Road - Hesperia, CA 92344
Property Highlights
- Hesperia Business Center is a 39,384 SF two-building, two-story Class B office park sitting on 3.3 acres of land
- Hesperia Business Center is the only Class B office park in Hesperia with direct visibility to Interstate-15
- Hesperia Business Center presents an investor a going in 2023 return of 8.01% and a leveraged return of 10.88% with additional upside in leasing up the vacant space
- Hesperia Business Center presents an investor an added-value opportunity with upside in bringing the asset to the market vacancy of 5.9% and moving leases to triple net as they come due
- Hesperia Business Center is 11.4% leased and the submarket has a vacancy rate of 3.6% and market overall 5.9%
- Hesperia Business Center is priced below replacement costs | $183.45/SF
- The 9331 Building is 100% leased to San Jaoquin Valley College on a long-term lease with annual increases
- The 9329 Building is 76.8% leased with staggered lease roll-over | 30.33 WALT and total occupancy of 88.6%
Details
- Price: $7,225,000
- Year Built: 2005
- Property Type: Multi-Tenant
- Property Status: For Sale
Additional Details
- Price/SF: $183.45
- Cap Rate: 8.00%
- Rentable Area: 39,384 SF
- Lot Size: 3.30 AC
- Parking Ratio: 4.7/1,000 SF
- Zoning: C4
Address
Open on Google Maps- Address 9329-9331 Mariposa Road
- City Hesperia
- State/county California
- Zip/Postal Code 92344
