25725-25755 Baseline St Highland, CA 92346
- Retail properties
- 12,000 SF
- 1.15 lot acres
Current Use by Public Records
- Retail properties
Property Details for 25725-25755 Baseline St
- Year built
- 1970
- Lot size
- 1.15 lot acres
- Property size
- 12,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents 12,000 square feet of retail space situated on a 1.15-acre lot in Highland, California. The property, known as Shoppes on Baseline, comprises two single-story buildings totaling 12,000 square feet, built in 1970, and features 179 parking spaces. Currently operating at 52% occupancy with month-to-month leases, this value-add property offers significant upside potential. The asking price is $2,600,000, representing a price per square foot of $216.67 and a pro-forma cap rate of 8.72%. The property boasts a pro-forma NOI of $226,741 and benefits from annual CPI rent bumps. Zoned for general commercial use, the property includes a vacant pad, presenting a rare development opportunity in a high-growth area. The property is located at a heavily trafficked intersection, offering excellent visibility and access. Fee simple ownership allows for depreciation of existing improvements. The property's APN is 1192-011-02-0000, 1192-011-05-000, 1192-011-06-0000. This multi-tenant retail center is shadow-anchored by a Cardenas Markets, providing strong visibility and drawing power. The current in-place rental rates present a significant opportunity for rental increases.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- San Bernardino
- State
- California
- Longitude
- -117.242
- Latitude
- 34.1212
