Warehouse with In-Place
New
For Sale
$4,788,000
328 S Mountain View Ave, San Bernardino, CA 92408
The current tenancy runs through November 2028 and includes a 36-month renewal option at fair market value.
Property Size25,200 SF
Lot Size1.00 Acre
Price / SF$190
Days on Market3
Property Features for 328 S Mountain View Ave
General Information
Standard status
Active
Size
25,200 SF
Lot size
1.00 Acre
Property subtype
Warehouse
Amenities
True Value-Add Investment Opportunity
+-25,200 SQFT on +-1 Acre of land
Income in place through Nov 2028
Below market in place rent with future rental upside
Building Details
Building Size
25,200 SF
Year Built
1989
Listed By:
Mir Ali · License #License(s): CA: 02142591
(909) 456-3407
Source:
Marcusmillichap
Added: Oct 4
Last Checked: Oct 5 at 3:02PM
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 Mir Ali
Investment Insights
Based on property information with market context.
This warehouse property contains 25,200 SF on approximately 1 acre and was built in 1989. The existing tenant occupies the property under an arrangement extending through November 2028.
The lease includes a 36-month renewal option at fair market value. The property is located at 328–330 S Mountain View Ave in San Bernardino, California.
The lease includes a 36-month renewal option at fair market value. The property is located at 328–330 S Mountain View Ave in San Bernardino, California.
Key Highlights
- 25,200 SF warehouse property
- Approximately 1 acre
- Built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$280,184
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,603,680
$5.6M
Cap Rate 7%
$4,002,629
$4.0M
Cap Rate 9%
$3,113,156
$3.1M
Market Conditions
NOI Build-Up for 25,200 SF
Gross rent
$359.9K $14.28/SF
− Vacancy
−$30.2K −$1.20/SF
EGI
$329.6K $13.08/SF
− OpEx
−$49.4K −$1.96/SF
NOI
$280.2K $11.12/SF
Area
San Bernardino, CA
Vacancy
8.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,603,680
Cap Rate 7%
$4,002,629
Cap Rate 9%
$3,113,156
Alternative Uses
Best Use
Warehouse
$4.00M
$3.50M – $4.67M
NOI $280,184 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.59M
$6.64M – $8.85M
NOI $531,256 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92408, CA
13,488
Population
4,403
Households
3.1
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
10.5 sq mi
ZIP Area
1,285
Density / Sq Mi
$63,696
Median Household Income
$32,122
Median Earnings
$1,314
Median Rent
$407,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - The current tenancy runs through November 2028 and includes a 36-month renewal option at fair market value.
Where is this warehouse located?
The property is located at 328 S Mountain View Ave San Bernardino, CA.
What is the asking price?
The asking price for this property is $4,788,000.
What are key features of this property?
This property features: 25,200 SF warehouse property; Approximately 1 acre; Built in 1989
