1140 Commerce Center Dr

Located in the bustling city of Lancaster, the area surrounding the property offers a diverse array of amenities and attractions for potential investors. Within close proximity, the Antelope Valley Mall provides a convenient shopping destination, while the BLVD district offers a vibrant mix of dining, entertainment, and cultural experiences. Nature enthusiasts will enjoy the nearby Prime Desert Woodland Preserve and Apollo Community Regional Park, perfect for outdoor activities and relaxation. Additionally, the property is strategically positioned for easy access to major roadways, making it an ideal location for an office or office building investment, with the promise of a dynamic and thriving community at its doorstep.1140 Commerce Center Dr - Lancaster, CA 93534 The Offering: Seller/Lessor: Chase Lancaster Services, LP, a California limited partnership Tenant/Lessee: County of Los Angeles - Department of Children and Family Services Premises: 1140 Commerce Center Dr., Lancaster, CA 93534 APN: 3125-021-039 Building Size: Approximately 51,292 square feet of improvements Land Size: Approximately 4.84 AC (210,830 square feet) per LACo Assessor Base Rent: $141,053.00 per month @ $2.75 per square foot per month $1,692,636.00 per year scheduled Gross Income 3% Annual Rental Adjustments Tenant Improvements: As a condition of the Lease Agreement, Lessor has contributed $65.00/sqft or $3,333,980.00 in Tenant Improvement Cost. Lessee shall provide an additional $110.00/sqft or $5,642,120.00 amortized over 5 Years at an interest rate of 8% and payable at $114,401.85 per month ending on the 60th month of the Original Lease Term, unless Lessee pays off such loan earlier. Lease Type: Building Standard Lease Document provided by the County of Los Angeles and is a Full-Service Gross (FSG) lease. Misc. Terms: Lessee may pay-off the Lessee Improvement Loan (Allowance) as described above at any time, with no pre-payment penalty. Lessee may terminate the Lease Agreement after 8 Years by providing Lessor with a 240 Day prior Notice to Vacate. The Use of the Premises is for the General Offices for the Department of Children and Family Services. Preliminary Income / Expense Budget (see below)