41659 Big Bear Blvd - Office FOR SALE


Big Bear Lake, CA 92315
$1,600,000 USD
909-866-6453
41659 Big Bear Blvd, Big Bear Lake, CA for Sale
$1,600,000 USD
Office - FOR SALE
1/45
null | 8.5% Cap Rate

41659 Big Bear Blvd
Big Bear Lake, CA 92315


HIGHLIGHTS

  • Located on Highly Traveled road
  • Excellent visibility
  • Only 3 vacancies

OVERVIEW

REMARKABLE MULTI-TENANT INVESTMENT OPPORTUNITY! Wait till you see the perfect, convenient location of this 48 unit office/mini storage facility with over 11,700 sq. ft. of rental space on a level, 36,358 sq. ft. street-to-street lot in the 'miracle mile' district of Big Bear Lake. Property includes 38 units of various sizes for personal/business storage and 10 office space rentals (two w/ 1600 sq. ft. and eight w/ 400 sq. ft.). Office units come complete with wet bar/kitchenette and half bathrooms (a few with showers). Lots of potential to increase monthly income. Many of the current rents are below current market rents. As of 7/13/24, CAP Rate is 7.30 based on actual income, less actual reoccurring expenses. Currently five vacancies equaling $2,013 P/M. (When 100% occupied, CAP rate is 8.5)

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley Professional Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

BV/CG

APN/PARCEL ID

0309-162-24

ASK ABOUT THIS PROPERTY

Mike DolanMike Dolan & AssociatesMore Info
909-866-6453

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Mike DolanMike Dolan & AssociatesMore Info
909-866-6453

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