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%