1686 Sierra Highway, ACTON

$2,500,000

0 Beds
0 Baths
8.54 Acres
0 Garages

This is an incredible opportunity to own property along the (14) Freeway, adjacent to the on and off ramps. Located in the Antelope Valley Sub-market, the zoning is wide-ranging which allows for a myriad of uses. Tenant occupies approx. 3.73 acres paying$105,000 per year (NNN Lease). Their lease expires 10/1/2019. There is a possibility the Tenant can leave early if the Buyer prefers to use the property. The adjacent ~4.8 acres is available now. Buyer may use the available space or lease it out to a new tenant. Strong demand throughout this cycle has compressed vacancies to a historically low level of 3.8%. While retail centers in affluent neighborhoods have been driving demand throughout this cycle, the last year has primarily benefited the outlying parts of the metro, such as the Antelope Valley. Rent growth has been moderating as of late, yet here too the outlying parts of the metro have posted the biggest year-overyear growth rates. Retail development has been modest over the last four quarters, following a large wave of deliveries in the first half of 2017 that were matched with strong leasing activity. Investment activity has been stable over the last six quarters and at about the metro's historic average. Even as big box

Essential Information
MLS® #PW18129654MR
Price$2,500,000
Acres8.54
TypeLot-Land
StatusActive
Community Information
Address1686 Sierra Highway
AreaActon
CityACTON
CountyLos Angeles
StateCA
Zip Code93510
Amenities
ViewNone
Additional Information
Date ListedMay 21st, 2018
Days on Market710
ZoningA-1, CR, Rural Commercial
Listing Details
AgentErin Williams (01994295)
OfficeFirst Team Real Estate
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