1686 Sierra Highway, Acton

$2,500,000

0 Beds
0 Baths
0 Sqft
8.54 Acres
0 Garages

This is an incredible opportunity to own property
along the (14) Freeway, adjacent to the on and off
ramps. Located in the Antelope Valley Sub-market,
the zoning is wide-ranging which allows for a myriad
of uses.
Tenant occupies approx. 3.73 acres
paying$105,000 per year (NNN Lease). Their lease
expires 10/1/2019. There is a possibility the Tenant
can leave early if the Buyer prefers to use the
property.
The adjacent ~4.8 acres is available now. Buyer may
use the available space or lease it out to a new tenant.
Strong demand throughout this cycle has compressed
vacancies to a historically low level of 3.8%. While
retail centers in affluent neighborhoods have been
driving demand throughout this cycle, the last year
has primarily benefited the outlying parts of the
metro, such as the Antelope Valley. Rent growth has
been moderating as of late, yet here too the outlying
parts of the metro have posted the biggest year-overyear
growth rates. Retail development has been
modest over the last four quarters, following a large
wave of deliveries in the first half of 2017 that were
matched with strong leasing activity. Investment
activity has been stable over the last six quarters and
at about the metro's historic average.
Even as big box stores closed, their large spaces have
been routinely snapped up by other retailers or nontraditional
users of retail stores.

Essential Information
MLS® #PW18129654
Price$2,500,000
Acres8.54
TypeLot-Land
Sub-TypeLots and Land
StatusActive
Community Information
Address1686 Sierra Highway
AreaActon (ACTO)
SubdivisionRancho Santiago (RHST)
CityActon
CountyLos Angeles
StateCA
Zip Code93510
Amenities
ViewNo View
Exterior
Lot Description6-10 Units/Acre
Additional Information
Date ListedMay 21st, 2018
Days on Market424
ZoningA-1, CR, Rural Commercial
Listing Details
AgentErin Williams(01994295)
OfficeFirst Team Real Estate
Property History
Price Reduced from $2,980,000 to $2,500,000
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of July 20th, 2019 at 11:12am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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