Land/Lot - Acton, CA photo 1
Land/Lot - Acton, CA photo 2
Land/Lot - Acton, CA photo 3
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1686 Sierra Highway
Acton, California, United States

Description

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.
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. Savvy shoppers have
paved the way for discount retailers like 99 Cents
Only, Dollar Tree/Family Dollar, dd's Discount, Five
Below, and Fallas Paredeas, as well as Aldi, a discount
grocery store. Gyms have also represented another group of
active tenants.

Presented by

First Team Real Estate

First Team Real Estate
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Toll Free: +1 888 236 1943

Erin Williams

Erin Williams
First Team Real Estate
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Main: +1 7148017555

Location

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