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7,864 sqft

$1,850,000

432 S Mill Street, Tehachapi CA, 93561

Price per sqft$235.25
Built in1974
Property size7,864 sqft
Property typeCommercial
Courtesy of Lindsay V C Villalpondo with Miramar International Calloway

Overview

Active

Updated 2 days ago

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!

Additional information

MLS® ID
202604641

Interior Features

Basement
No

Exterior Features

Lot Size
0.18 Acres
MLS provider logo

Listed by Miramar International Calloway, Lindsay V C Villalpondo,
Listing Contact: 661-809-5169 

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Bakersfield Association of REALTORS®.  Real estate listings held by brokerage firms other than Jerri Delfino | CA DRE# 02126819 are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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