3970-3996 N Sierra Way - Freestanding FOR SALE


San Bernardino, CA 92405
$2,950,000 USD
310-906-3279
3970-3996 N Sierra Way, San Bernardino, CA for Sale
$2,950,000 USD
Freestanding - FOR SALE
1/14
null | Request Cap Rate

3970-3996 N Sierra Way
San Bernardino, CA 92405


HIGHLIGHTS

  • Rare infill/contiguous 2 property strip centers located on main-on-main signalized corner.
  • Enormous frontage and convenient access to/from N Sierra Way with dedicated parking lots.
  • In-place investment occupied by synergistic mix of internet resistant retail and restaurants.
  • National tenants continuously target and occupy this retail pocket for its amenities and consumer draw.
  • High density location with ±22.3K cars per day on E 40th St and ±11.8K on N Sierra Way.

OVERVIEW

JUST REDUCED $800K - Motivated Seller - Submit All Offers Sierra Way Plaza is strategically located on the bustling main-on-main corner of N Sierra Way and E 40th St. Boasting a total of 13,396 SF spread across two well-positioned strip centers, this property offers immense potential for value enhancement. Sierra Way Plaza currently features 79% occupancy with expiring leases/vacancy, presenting a valuable opportunity for a savvy investor to capitalize on market lease-up prospects. With popular amenities such as in-place restaurants, service tenants, Metro PCS, this retail gem attracts a steady flow of customers daily. Furthermore, the property stands out for its proximity to major national retailers such as Cardenas Market, Walgreens, and 7Eleven, reinforcing its status as a cornerstone of the vibrant retail landscape in San Bernardino. Sierra Way Plaza is an internet-resistant investment with stable historical tenant occupancy with a true value-add component.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

JUST REDUCED: Sierra Way Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

-

APN/PARCEL ID

0154-262-12,0154-262-13,0154-262-14,0154-262-15

ASK ABOUT THIS PROPERTY

Patrick YlaganKidder MathewsMore Info
310-906-3279

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Patrick YlaganKidder MathewsMore Info
310-906-3279

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