High-Yield, Long-Term Investment - Strong Cash Flow + National TenantExceptional opportunity to acquire a solid, income-producing medical office asset in the growing Tehachapi market. This 7,864 SF free-standing building sits on 0.6 acres with ample parking (separate APN) and is fully leased to a well-established national behavioral health organization.The property is secured by a long-term 11-year lease structure (5 + 3 + 3), delivering predictable, passive income from day one. Current financials show $13,400/month gross income with approximately $10,800/month net, offering strong in-place returns with minimal management requirements.Recent capital improvements totaling approximately $250,000 significantly reduce deferred maintenance and future capital expenditures, including:-Full renovation of 6 restrooms-Electrical system upgrades-New carpet throughout-Complete interior and exterior repaint-Updated LandscapingMajor systems are in excellent condition, with roof life estimated at 10 remaining years and 8 HVAC units averaging only 6 years in age, creating a true low-maintenance, turn-key asset.Originally designed as a medical facility, the building features over 24 rooms including exam rooms, offices, labs, and reception areas, and is X-ray ready, reinforcing its long-term usability and tenant demand.Strategically located near downtown Tehachapi with strong accessibility, this asset benefits from consistent tenant demand in the medical and behavioral health sectorone of the most resilient commercial asset classes.Ideal for 1031 exchange buyers or investors seeking stable yield, long-term lease security, and minimal landlord responsibility.Do not disturb tenant or Discuss Sale With Tenant. All inquiries and showings by appointment only.
Listed By
Agency Name: 661-822-2387
Shown By
Agency Title: Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000
432 S Mill Street | MLS# 9993811
This commercial property located at 432 S Mill Street, Tehachapi, CA 93561 is currently listed for sale with an asking price of $2,400,000. Search Tehachapi real estate on www.cce-escrow.com today.