Redlands Distribution Facility
For Sale
Contact for pricing
1101 California St, Redlands, CA
State-of-the-art distribution facility with 40' clear height.
Property Size356,791 SF
Lot Size16.88 Acres
Price / SF$207
Days on Market341
Property Features for 1101 California St
General Information
Standard status
Active
Size
356,791 SF
Lot size
16.88 Acres
Property subtype
INDUSTRIAL
Listing Agency:
JLL
(909) 467-6850
Listed By:
Jake Malloy · License #02160835
(626) 394-3551
Source:
Moodyscre
Added: Oct 8, 2025
Changed: Jul 6
Last Checked: Sep 12 at 6:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL
Investment Insights
Based on property information with market context.
This state-of-the-art distribution facility, with construction now complete, offers 356791 square feet of space. The property features a 40-foot clear height. It is available for sale or lease and is located on California St in Redlands, CA.
Key Highlights
- State‑Of‑The‑Art Distribution Facility
- Benefit from the impressive 40’ Clear Height
- Construction Complete, ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$3,557,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$71,154,980
$71.2M
Cap Rate 7%
$50,824,986
$50.8M
Cap Rate 9%
$39,530,544
$39.5M
Market Conditions
NOI Build-Up for 356,791 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$4.45M $12.48/SF
− Vacancy
−$267.2K −$0.75/SF
EGI
$4.19M $11.73/SF
− OpEx
−$627.8K −$1.76/SF
NOI
$3.56M $9.97/SF
Area
San Bernardino County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$71,154,980
Cap Rate 7%
$50,824,986
Cap Rate 9%
$39,530,544
Alternative Uses
Best Use
Warehouse
$50.82M
$44.47M – $59.30M
NOI $3,557,749 @ 7.0% cap · market cap 4.82%
Second Best
Industrial
$41.86M
$36.62M – $48.83M
NOI $2,929,911 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$75.26M
$65.85M – $87.80M
NOI $5,268,188 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Distribution center - State-of-the-art distribution facility with 40' clear height.
Where is this distribution center located?
The property is located at 1101 California St Redlands, CA.
What is the asking price?
The asking price for this property is $73,855,737.
What are key features of this property?
This property features: State‑Of‑The‑Art Distribution Facility; Benefit from the impressive 40’ Clear Height; Construction Complete, ready for occupancy
