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Property profile & analytics
FOR LEASE
Distribution centers

1645 W Park Ave Redlands, CA 92373

40,801 SF 2.11 ac lot Built 2017
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US10-1515880
1645 W Park Ave, Redlands, CA 92373 For Lease
$8,125,000 20,400 SF available
1645 W Park Ave, Redlands, CA 92373
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Property summary
AI-generated overview

This exceptional Class A industrial warehouse offers 20,400 square feet of immediately available space for sublease, extending through July 2027. Located in a prime EV/IC zoned area, this single-tenant building boasts a total of 40,800 square feet and is part of a larger, 2017-constructed complex. The warehouse features a striking high-image design, complemented by a 25-foot clear ceiling height, providing ample vertical storage capacity. Efficient operations are ensured with two dock-high and one grade-level loading positions, facilitating seamless loading and unloading processes. The interior is fully racked, maximizing storage efficiency and offering immediate usability. Safety is prioritized with an advanced ESFR sprinkler fire suppression system. The property benefits from robust electrical infrastructure, including 400 amps of 277/480-volt, three-phase power, ideal for various industrial applications. This is a rare opportunity to secure a modern, well-equipped warehouse space in a desirable location, offering immediate occupancy and a lease term extending into 2027. The building consists of one structure with two stories. No elevators are present.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 2017
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 40,801 SF
Lot 2.11 ac (91,781 SF)
APN 0292-158-17-0000
UPID US10-1515880
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Colonial Enterprises Inc Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.87M
CAP Approach CAP
$6.26M
Comparable Approach Comparable
$6.16M
Blend (final) Blend
$8.13M
Owner & transaction history
11 Alabama Partnership LP · 3 yrs held
11 Alabama Partnership LP
since 2023
Last sale
$8.3M
2 recorded transactions
2023
Price N/A
2022
$8.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $13.0M +24.9%
Auto repair, garage $12.4M +19.5%
Medical building $11.8M +13.5%
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