Hesperia Business Center

  • $7,225,000
9329-9331 Mariposa Road - Hesperia, CA 92344
For Sale
9329-9331 Mariposa Road - Hesperia, CA 92344
  • $7,225,000

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 9329-9331 Mariposa Road
  • City Hesperia
  • State/county California
  • Zip/Postal Code 92344

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Dustin R. Alvino
  • Dustin R. Alvino