10
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$2,400,000
Est. payment /mo
7,864 SqFt
Active
432 S Mill Street Tehachapi, CA 93561
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,864 sqft
Price per Sqft $305
MLS Listing ID 202604641
Year Built 1974
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Commercial
Property Description
High-Yield, Long-Term Investment - Strong Cash Flow + National Tenant Exceptional opportunity to acquire a solid, income-producing medical office asset in the growing Tehachapi market. This 7,864 SF free-standing building sits on 0.6 acres with ample parking (separate APN) and is fully leased to a well-established national behavioral health organization. The property is secured by a long-term 11-year lease structure (5 + 3 + 3), delivering predictable, passive income from day one. Current financials show $13,400/month gross income with approximately $10,800/month net, offering strong in-place returns with minimal management requirements. Recent capital improvements totaling approximately $250,000 significantly reduce deferred maintenance and future capital expenditures, including: -Full renovation of 6 restrooms -Electrical system upgrades -New carpet throughout -Complete interior and exterior repaint -Updated Landscaping Major systems are in excellent condition!
Location
State CA
County Kern
Area 80
Zoning T-4.5 - TCL
Listed by Lindsay C Villalpondo • Miramar International Calloway
Nearby Locations
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