12526-12544 Central Ave - Storefront FOR SALE


Chino, CA 91710
$4,220,000 USD
714-878-8543
12526-12544 Central Ave, Chino, CA for Sale
$4,220,000 USD
Storefront - FOR SALE
1/6
null | 8.15% Cap Rate

12526-12544 Central Ave
Chino, CA 91710


HIGHLIGHTS

  • Opportunity to double in-place NOI by leasing vacant space
  • Below Market Rents - property wide, in-place rents are just $2.11/PSF NNN, leaving substantial room to grow rents as leases expire
  • The city of Chino is centrally located in the heart of the Inland Empire with direct access to surrounding freeways including the 60, 71 & 10
  • Given the existing vacancy and short-term leases, an Owner/User has the ability to purchase and occupy all, or a portion, of the shopping center

OVERVIEW

Shoppes at Central is a true, value-add, multi-tenant opportunity in the dense, infill community of Chino, CA. With a hands-on-management approach, and an aggressive leasing strategy, a new owner has the opportunity to more than double Net Operating Income by Year 2 of the anticipated hold period (reflected in 8.15% Year 2 cap rate). Most tenants are on month-to-month leases providing a new owner the flexibility to curate tenancy at the shopping center. Existing 6,860 SF of vacancy can be offered to one tenant for ease of management or demised into smaller spaces to maximize rent per SF.

FOR SALE DETAILS

PRICE

$4,220,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

8.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Shoppes at Central

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,341 SF

ZONING

CG

APN/PARCEL ID

1015-371-03

ASK ABOUT THIS PROPERTY

Darren FitchCBREMore Info
714-878-8543

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Darren FitchCBREMore Info
714-878-8543

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.