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$ 4,995,000
Est. payment /mo
Active
40360 La Quinta LN Palmdale, CA 93551
18,970 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 18,970 sqft
Price per Sqft $263
MLS Listing ID 26003775
Year Built 2007
Lot Size 2.350 Acres
Acres 2.35
Property Sub-Type Industrial
Source Greater Antelope Valley Association of REALTORS®
Land Area 18970
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.
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
Zoning PDM4
Direction Ave O & 10th St West
Interior
Cooling Central Air
Exterior
Roof Type Tile
Street Surface Public
Building
Lot Description Corner Lot
Story 1
Foundation Slab
Water Public
Structure Type Stucco
Nearby Locations
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