Investment highlight
- Below Market Rents
- 2 Multi Tenant Buildings
- 36,808sf of undeveloped Land
- 100% Leased
executive summary
This exceptional commercial property offers an enticing opportunity for investors and business owners alike. Situated on approximately 1.66 acres of land, .845 acres (36,808sf) is undeveloped land. This versatile light industrial complex is divided into two single-story buildings, each featuring 6 suites. The total rentable square footage for both buildings is 14,280 square feet, with each suite thoughtfully configured to offer approximately 30% office space and 70% warehouse space.
Key Features:
Value Add Opportunity: Currently, the property is priced below market rents, making it an attractive value-add opportunity for savvy investors. Bring this thriving business center up to its full income potential.
Development Potential: The property boasts a LARGE vacant lot (36,808sf included in the 1.66 acres) to the rear, offering a substantial development or redevelopment opportunity. Unlock the potential of this prime piece of real estate to meet your specific needs.
Convenient Location: With frontage on 3rd Street and access from 5th Street, this property enjoys excellent visibility and accessibility. It is strategically located in close proximity to the San Bernardino International Airport, enhancing its appeal for logistics and transportation businesses.
Ample Parking: On-site parking ensures convenience for tenants and their clients, while ground-level roll-up doors in each suite facilitate easy loading and unloading of goods.
property facts
Price | $4,100,000 | Lot Size | 1.66 AC |
Price Per SF | $287 | Rentable Building Area | 14,280 SF |
Sale Type | Investment | No. Stories | 1 |
Sale Conditions | 1031 Exchange | Year Built | 1978 |
Property Type | Industrial | Parking Ratio | 2.1/1,000 SF |
Property Subtype | Warehouse | Clear Ceiling Height | 14 FT |
Building Class | C | No. Drive In / Grade-Level Doors |
amenities
- Fenced Lot
- Yard
utilities
- Gas – Natural
- Water – City
- Sewer – City