Industrial building sells for $675K
A 19,000-square-foot industrial building at 11485 Santa Fe East recently sold for $675,000.
Local investor Roger Graham of Graham Family Trust purchased the building and will lease the building’s 1,500- to 2,500-square-foot spaces that are available. The site, built in 1987 by local developer Larry Dermer, is located near Bear Valley Road and Main Street within the industrial district in Hesperia.
“We have bought several buildings in the Hesperia area, made property improvements and placed the buildings backing into service,” Graham said in a release.
The property will be receiving new paint, a refurbished parking lot and other upgrades to prepare it for new tenants.
Elizabeth Brown of Lee & Associates represented the seller and buyer in the transaction.
“With the plan for incremental renovations and upgrades to the property on Santa Fe E. will attract new tenants and provide an excellent environment to conduct business,” Brown said in a statement.