1461 Cooley Dr Colton, CA 92324

Property Details for 1461 Cooley Dr

Year built

1991

Lot size

1.29 lot acres

Property size

40,119 SF

Property type

Medical offices

APN

0276-144-55; 0276-144-54

Description

This exceptional investment opportunity in Colton, CA, presents a unique portfolio comprising two key assets. First, a premier, two-story, multi-tenant office building totaling 40,119 square feet, currently boasting 100% occupancy across 14 units. Built in 1991, this Class A building sits on a 2.06-acre lot and features a gross lease structure. The building's strong performance is reflected in its 7.76% in-place capitalization rate. Secondly, a separate 1.29-acre parcel is included, generating income from a cellular tower lease and providing approximately 100 parking spaces. This land parcel offers significant potential for future development. The combined properties are offered at $7,305,000, representing a compelling investment with a strong current income stream and future upside. The property is strategically located in the Cooley Ranch area of Colton, providing easy access to major interstates I-10, I-215, and I-15, placing it at the heart of the Inland Empire's thriving logistics sector. The land value is $23.67 per square foot. The combined APNs are 0276-144-55 and 0276-144-54. This turnkey investment is ideal for savvy investors seeking a stable, high-return asset in a rapidly growing market. The price per square foot for the building is $150.