The subject property consists of a 2.12 acre commercially zoned site leased to the University of Antelope Valley, a private college. The lease was initially executed in 1964 and has been transferred and renewed and currently has an expiration date in 15 years. Upon expiration of the lease, the building improvements revert to the lessor. The improvements consist of a motel property that has been converted to a ballroom and offices for the college. The improvements are reported at 37,248 square feet and consist of 2 two-story buildings, in average condition with nominal deferred maintenance. The front building is a two-story building that contains offices in the front and a ballroom, divisible into 3 individual rooms). The second floor consists of administrative offices. The building has a porte-cochere on its north side. The building is in average condition with no deferred maintenance. The carpet is dated. The rear building consists of a 3-story motel property that consists of administrative offices on the first 2 floors and the offices of the Athletic Department on the top floor. The building appears to be of average condition and average quality construction. The third floor has modern flooring however the first 2 floors have dated flooring. Exterior painting is required on the north side of the building but generally, the deferred maintenance is nominal.
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Listing information last updated on February 20th, 2020 at 4:00am PST.
Based on information from California Regional Multiple Listing Service, Inc. as of February 20th, 2020 at 4:01am PST. 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.