Property summary
This exceptional 60,912 square foot shopping center in San Bernardino, CA, presents a lucrative investment opportunity. Built in 1985, the property sits on a 5.45-acre lot and boasts 395 parking spaces, ensuring ample customer convenience. The center enjoys a prime location at a busy, signalized intersection, offering significant visibility and exposure. Currently home to a mix of national and regional tenants, including DD's Discounts, Little Caesars Pizza, and Shiekh Shoes, the center benefits from a strong daytime population and favorable demographics. The property's large lot size allows for expansion or redevelopment opportunities. A significant portion of the space is available for lease, ideal for a variety of retail uses, including furniture stores, discount stores, or even an indoor swap meet. The motivated seller is open to a 1031 exchange, making this an attractive option for investors seeking tax advantages. Nearby major retailers include McDonald's, Wells Fargo Bank, CVS Pharmacy, Walgreens, and Subway, further enhancing the property's desirability and potential for continued success. The asking price is $10,000,000, with a price per square foot of $188.80. This is a rare chance to acquire a well-established shopping center in a thriving retail corridor.
Property profile
VerifiedCap rate & NOI
Current use
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Postal Service Courier Service
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Clothing Store Department Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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