895 S E St - Freestanding FOR SALE


San Bernardino, CA 92408
$2,931,943 USD
818-823-0832
895 S E St, San Bernardino, CA for Sale
$2,931,943 USD
Freestanding - FOR SALE
1/7
null | 7.75% Cap Rate

895 S E St
San Bernardino, CA 92408


HIGHLIGHTS

  • LOW $/PSF - BELOW REPLACEMENT COST - The modern façade, 17,307- SF buildings are being offered at well-below replacement cost ($169/PSF).
  • OPPORTUNITY ZONE - TAX INCENTIVE GROWTH - Potential to defer or eliminate federal taxes on capital gains.
  • RESIDENTIAL & COMMERCIAL PROXIMITY - Located right cross the street from the Inland Center that draws in over 550,000 visitors annually.
  • EXCEPTIONAL RENT AND CASH FLOW GROWTH - Rental increases built into the leases (2% and 4% annual increases)
  • GREAT VISIBILITY AND TRAFFIC COUNTS - Boasting over 118 feet of frontage on E Street Blvd with Over 27,000 Cars Per Day
  • VALUE-ADD - Opportunity to increase cash flow by converting Elliott’s Pet Emporium’s gross lease to a NNN lease and bringing rents to FMV

OVERVIEW

Marcus & Millichap is offering, to qualified investors, the opportunity to purchase fee simple interest in a 17,307 square foot two-building retail site building with a value-add component. The buildings are located in the heart of Southern California, in a densely populated area, right across the street from the Inland Center Mall and many surrounding major retailers. LOW $/PSF – BELOW REPLACEMENT COST The modern façade, 17,307- SF buildings are being offered at well-below replacement cost ($169/PSF). LOCATED IN OPPORTUNITY ZONE - TAX INCENTIVE GROWTH The building is located within a federally approved designated Opportunity Zone. Investments made by individuals through special funds in Opportunity Zones allow individuals to defer or eliminate federal taxes on capital gains. RESIDENTIAL & COMMERCIAL PROXIMITY Located right cross the street from the Inland Center, a mall in the heart of San Bernardino that draws in over 550,000 visitors annually and is the area’s premier destination for shopping and dining. EXCEPTIONAL RENT AND CASH FLOW GROWTH The increases built into the leases (2% and 4% annual increases) provide the Landlord with exceptional growth in cash flow over the hold period. GREAT VISIBILITY AND TRAFFIC COUNTS Boasting over 118 feet of frontage on E Street Blvd (+27,000 CPD), the primary building benefits from visibility and the synergy provided by the surrounding retailers. VALUE-ADD This offering gives an investor the opportunity to increase cash flow by converting Elliott’s Pet Emporium’s gross lease to a NNN lease and bringing its below-market rents to fair market value. DENSE, SOUTHERN CALIFORNIA DEMOGRAPHICS • Over 124,000 people within a 3-mile radius and average household income exceeding $64,000. • Over 339,000 people within a 5-mile radius and average household income exceeding $74,000.

FOR SALE DETAILS

PRICE

$2,931,943 USD

PRICE/SF

$169 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Tenant:Shoe Palace & Elliot's Pet Emporium

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial General

APN/PARCEL ID

0136-481-12

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

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