Rare opportunity to own rather than lease

Highlights:

• Located on Twentynine Palms Highway (SR-62), Yucca Valley’s primary commercial corridor and the principal east-west route through the Morongo Basin.
• Yucca Valley serves as the primary retail and commercial hub for the Morongo Basin, drawing customers from Yucca Valley, Joshua Tree, Morongo Valley, Twentynine Palms and surrounding communities.
• Gateway location to Joshua Tree National Park, which attracts more than 3 million visitors annually.
• Strong combination of year-round residents, regional shoppers, tourism and military-related demand.
• The Marine Corps Air Ground Combat Center in Twentynine Palms is a significant regional economic and employment driver.
• Highway 62 is home to the area’s concentration of national and regional retailers, including Walmart, Home Depot, Vons, Stater Bros., Marshalls, Ross, Petco and Tractor Supply.
• Continued residential and commercial development throughout Yucca Valley and the surrounding Morongo Basin is expanding the area’s permanent customer base.
• Approximately 28,210 SF available, providing a substantial opportunity for an owner-user to establish a permanent location in the heart of Yucca Valley.
• Currently configured as approximately 12,663 SF and 15,547 SF suites, allowing flexibility for a single large user or multiple occupants.
• Grocery Outlet anchored center provides established daily-needs traffic and strong customer draw.
• Prominent Highway 62 location near SR-247 with excellent visibility and access.
• Two highway signage panels provide additional exposure along Yucca Valley’s primary commercial corridor.
• Rear access accommodates loading, deliveries and day-to-day business operations.
• Ownership provides the opportunity to control long-term occupancy costs and build equity rather than remain subject to future rental increases.
• Flexible configuration may allow an owner-user to occupy a portion of the property and lease excess space to generate supplemental income.
• Well suited for retail, showroom, service, medical, fitness and other commercial owner-users, subject to applicable zoning and approvals.

Description:

Purchase financing is available to owner-users through the Small Business Administration at record low interest rates. Down payments are as little as 10%.
If purchased with 10% down ($399,500), the monthly loan payment is estimated at $24,339, which equates to only $0.86/SF (28,210 SF) - just below the lease rate for comparable space in the trade area.
After removing principal paydown ($5,107/month during Year 1) and accounting for just the interest portion of the monthly loan payment, the cost to occupy drops to approximately $19,232/month, or just $0.68/SF/month - far less than the cost of leasing.
Owner-users can further lower their occupancy cost by leasing a portion of the building. The SBA requires buyers to occupy at least 51% of the property, leaving the remaining 49% open to leasing.
As an owner, one can benefit from the potential appreciation of the asset.

57200 29 Palms Highway, Yucca Valley, CA 92284

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