34590 W County Line Rd - Storefront Retail/Office FOR SALE


Yucaipa, CA 92399
$2,210,000 USD
951-479-7994
34590 W County Line Rd, Yucaipa, CA for Sale
$2,210,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 6.75% Cap Rate

34590 W County Line Rd
Yucaipa, CA 92399


HIGHLIGHTS

  • Priced at $164/SF – Well below replacement cost with strong upside.
  • 6.75% Cap Rate – Day-one yield with rent growth potential.
  • Below-Market Rents – Avg. just $1.12/SF MG ($0.83/SF NNN).
  • Flexible Lease Terms – Mostly MTM or short-term leases.
  • 93% Leased – Internet-resistant, service-based tenant mix.
  • High-Growth Area – Located in rapidly expanding Yucaipa market.

OVERVIEW

Progressive Real Estate Partners is pleased to present Tower Plaza, a 93% occupied multi-tenant commercial center in Yucaipa, CA, a rapidly growing foothill community with strong residential momentum and increasing demand for neighborhood retail/commercial services. Offered well below replacement cost at just $164/SF, the property is leased to eight service-oriented tenants paying below-market rents averaging $1.12/SF Modified Gross ($0.83/SF NNN), providing a day-one 6.75% all-cash yield with immediate upside potential through marking rents to market. The flexible month-to-month and short-term leases allow new ownership the flexibility capitalize on this value-add opportunity and drive NOI growth immediately. Owned by the original developer (a local family based in the area), Tower Plaza has been carefully maintained with no known immediate capital improvement requirements, featuring a durable concrete parking lot, extensive interior build outs, continuously maintained roof/HVAC, and fresh paint (completed early 2025).

FOR SALE DETAILS

PRICE

$2,210,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tower Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C01

APN/PARCEL ID

0319-671-01

ASK ABOUT THIS PROPERTY

Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
951-479-7994

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

Greg Bedell, CCIMProgressive Real Estate PartnersMore Info
951-479-7994

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