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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 4,995,000

Est. payment | -/mo

2.35 Acres Lot

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$ 4,995,000

Est. payment | -/mo

Save

2.35 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26096412

HOA Y/N No

Year Built 2007

Lot Size 2.346 Acres

Lot Dimensions Assessor

Property Sub-Type Industrial

Property Description

Rare opportunity to acquire a high-quality single-tenant net leased industrial automotive investment occupied by Caliber Collision, one of the nation's leading collision repair operators, located at 40360 La Quinta Ln in Palmdale's expanding industrial corridor. The property features an approximately 18,970 SF specialized collision repair facility situated on approximately 2.35 acres with strong frontage, visibility, accessibility, and secured yard space ideal for automotive and fleet operations.

The facility includes specialized improvements such as paint and refinishing infrastructure, repair bays, office and customer reception areas, secured storage, and automotive service components designed for long-term collision repair use. Strategically located near Highway 14 and major Antelope Valley transportation routes, the property benefits from continued residential, industrial, logistics, and aerospace growth throughout Palmdale and Lancaster.

Caliber Collision operates under a modified NNN lease with 2% annual rent increases, providing steady NOI growth and increasing long-term cash flow. The lease is supported by a corporate guaranty and extends through February 2028 with one additional five-year extension option. Tenant reimburses property taxes, while ownership maintains limited structural responsibilities.

In addition to stable passive income, the property offers future upside through a potential expansion area that may support approximately 8,000 additional SF of development, subject to buyer verification, approvals, and permitting. Utilities are reportedly extended to the site, offering potential for future tenant expansion and increased rental income.

This offering combines stable income, annual rent growth, strong tenant presence, specialized industrial improvements, and future development potential, making it ideal for 1031 exchange buyers, private investors, and net leased investment groups seeking long-term stability and upside in a growing Southern California industrial market.

Location

State CA

County Los Angeles

Area Plm - Palmdale

Zoning PDM4

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry None

Exterior

Fence Block

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Other

Present Use Industrial

Building

Lot Description 2-5 Units/Acre

Story 1

Water Public

Others

Tax ID 3005045003

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Kenneth Terracciano Re/Max All-Pro 661-726-4804, DRE #01254688

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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40360 La Quinta Palmdale, CA 93551