Development

21408 Neuralia Road - California City, CA  93505

GOT STORAGE? is Self Storage development opportunity in California City, CA. This 3.63 acre site is located in the center of town and is approved for 45k sq. ft. of enclosed storage and 35k sq. ft. of RV Storage. The potential income for this property ranges between $475K to $650K. California City is a growing location of Antelope Valley just north of Palmdale and Lancaster. The area is currently experiencing population and economic growth due to the cannabis industry. The city has approved roughly 180 applications for cannabis cultivators and distributors. California City is expected to be a major cannabis hub that will lead to jobs, new housing, as well as commercial and retail development. This is an excellent opportunity for an investor looking to capitalize on the "Cannabis Rush" taking place in this region of country.

$350,000
Property Type:
Development 
Status :
Available 
Building Size:
43,585 Sq Ft
Rentable Square Feet:
80,000 Sq Ft
Lot Size:
158,123 Sq Ft
Acreage:
3.63 Acres
# of Floors:
1 Floor
Number of Buildings:
4 Bldg(s)
Number of Units:
293 Unit(s)
Room For Expansion
Yes
Cap Rate:
12.00 %
Days Listed:
284 Days
Updated:
12/20/18 
Broker:
Calvary Realty 

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