1730 E St San Bernardino, CA 92408

Property Details for 1730 E St

Year built

1989

Lot size

1.38 lot acres

Property size

21,000 SF

Property type

Warehouses

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a 21,000-square-foot warehouse situated on a 1.38-acre lot in San Bernardino, CA. The property, built in 1989 and zoned CG-1 (Commercial General), boasts seven ground-level roll-up doors, a 14-foot ceiling height, and ample parking (3.6 spaces per 1,000 sq ft). The building includes 2,500 square feet of administrative office space and a 16,000-square-foot warehouse area. Key features include fire sprinklers, a concrete parking lot, and a fenced yard. The property benefits from Interstate 215 freeway visibility and signage. The electrical system comprises a 1000 AMP, 208/120 Volt, 3-phase switchgear. A significant advantage is the existing corporate net lease with Interstate Batteries, featuring a remaining lease term of approximately 2.8 years (expiring 05/29/2027) and 3% annual rent increases. The NOI is $259,200, resulting in a compelling 5.78% cap rate. The asking price is $4,650,000. The property is ideally suited for a 1031 exchange, offering limited landlord responsibilities (tenant responsible for most expenses and maintenance), further enhanced by a new roof installed in 2021 with a warranty. The freestanding nature of the building eliminates potential complexities associated with CC&Rs. APN: 0141-253-05 & 08-0000.