737 W Ridgecrest Blvd, Ridgecrest, CA 93555

Property Description

Amazing pro forma rate of return is ~ 17.05% CAP or take as is for 8% CAP! Value add property. FED EX has been and continues to be the major ANCHOR TENANT for almost 20 years. 2 existing buildings, 6 spaces, 4 current tenants. Lease out the remaining 2 spaces to increase the already substantial cap rate. Additional tenant is ready to take on the 2 remaining spaces. The Super Walmart has just been added to the city. There is even room for expansion! Look into building a self storage for even more income and an increased CAP rate. So many opportunities: rent to the government, schools, businesses and more. Tax assessor shows 1.8 acres. High dock doors, includes truck doors. Max. Clearance: 12'; Min. Clearance: 10'. The location is on the main boulevard of the city of Ridgecrest with Good Exposure. Located near Mixed Commercial and Residential. The city is located near US Route 95 in the Indian Wells Valley in northeastern Kern County, adjacent to the Naval Air Weapons Station China Lake. All information deemed accurate but not guaranteed. Buyer to do own due diligence. This is an incredible opportunity you do not want to miss.