2011 E Highland Ave - Bank FOR SALE


San Bernardino, CA 92404- San Gorgonio
$2,650,000 USD
818-259-0476
2011 E Highland Ave, San Bernardino, CA for Sale
$2,650,000 USD
Bank - FOR SALE
1/6
null | 5.48% Cap Rate

2011 E Highland Ave
San Bernardino, CA 92404
San Gorgonio


HIGHLIGHTS

  • Long Term Tenancy - Bank of America has been at the location for over three decades and recently exercised an option to extend
  • Corporate Lease with Bank of America - Bank of America (NYSE:BAC) has a Standard and Poor’s credit rating of A-/stable
  • Replaceable Rent - Bank of America is paying a healthy rent in comparison to other Southern California banking branches
  • Excellent Performance According to Placer AI - The Bank of America location is amongst the top 96% of branches nationally and 90% within California
  • The Branch Contains Over $315,000,000 in Deposits - This represents a strong increase of 66% in overall deposits at this specific location since 2021
  • Desirable Demographics - The nearby consumer base consists of 137,943 residents with an average household income of $80,283 within a 3 mile radius

OVERVIEW

Top Performing Bank of America Branch with $315M+ in Deposits

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$567 USD /SF

CAP RATE

5.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,000 SF

ZONING

-

APN/PARCEL ID

1191-011-03

ASK ABOUT THIS PROPERTY

Patrick WadeCBRE, Inc.More Info
818-259-0476

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Patrick WadeCBRE, Inc.More Info
818-259-0476

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