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Property profile & analytics
FOR LEASE
Industrial properties
2351 W Lugonia Ave Redlands, CA 92374
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0958154
For Lease
1 / 13
$13.20 SF/Yr
2351 W Lugonia Ave, Redlands, CA 92374
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Property summary
AI-generated overview
This exceptional warehouse space, part of the Redlands Corporate Center, offers 6,175 square feet of immediately available space within a larger 28,795 square foot building. Located at 2351 W Lugonia Ave, Redlands, CA 92374, this Class C industrial property boasts a desirable location in San Bernardino County. Built in 2003, the building features a substantial 24-foot ceiling height, providing ample vertical storage capacity. The property includes three drive-in doors for convenient loading and unloading, and a generous parking ratio of 3 spaces per 1,000 square feet. Electrical service is robust, with 400 amps at 277/480 volts, three-phase power. The property is zoned SP-42 and has an APN of 0292-032-42-0000. This single-suite warehouse is perfect for businesses requiring efficient space and convenient access. The property is currently available for lease. Inquire today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2003
Construction
TILT-UP CONCRETE
Total area
28,494 SF
Lot
6.39 ac (278,348 SF)
APN
0292-032-42-0000
UPID
US10-0958154
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
-
Surfer Joe's Eatery Restaurant
-
Wild Goose Coffee Roasters Cafe & Coffee Shop Specialty Food Shop
-
Our Brew Production Facility Brewery & Distillery
-
California Mixer Parts Auto Parts Store
-
Empire Photo Booth Rental Wedding Service Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Psip Redlands LP · 5 yrs held
Psip Redlands LP
since 2021
Last sale
$40.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Redlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redlands submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$182,955
Tax year 2024
Assessed value
$15,493,637
Assessed 2024
Previous assessed
$15,493,637
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,183,624
Assessed improvement
$12,310,013
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Stories
1
Units
12
Total area
28,494 SF
Lot
6.39 ac (278,348 SF)
APN
0292-032-42-0000
UPID
US10-0958154
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
4
Units
12
Lot
6.39 ac
Current owner
From public records · entity-resolved
Psip Redlands LP
Entity
Mailing address
75 ISHAM RD, WEST HARTFORD, CT 06107-2235
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
—
Psip Redlands LP
—
Deed
related
$22,330 · Miscellaneous Ins Co
Jan 19, 2021
$40,600,000
Psip Redlands LP
Stockbridge Redlands Corp Ctr
Grant Deed
—
Jan 2, 2015
—
Stockbridge Redlands Corporate
—
Grant Deed
related
$13,850,000 · Bank Of America
Aug 29, 2014
$1,780,000
Redlands Corporate Stockbridge
Mswp Redlands LLC
Grant Deed
—
Jun 26, 2012
$20,131,000
Mswp Redlands LLC
Mef Realty LLC
Grant Deed
$189,600,000 · Deutsche Bank Trust Co Americas
Aug 16, 2007
—
Mef Realty LLC
Redlands Corporate Ctr II LLC
Grant Deed
—
Sep 20, 2002
—
Redlands Corporate Center II
—
Trustees Deed
related
$4,800,000 · Citizens Business Bank
May 23, 2002
$1,000,000
Redlands Corporate Center 11
Captive Plastic INC
Grant Deed
—
—
—
Redlands Corporate Ctr II LLC
—
Deed Of Trust
related
$6,500,000 · City Bank
—
—
Captive Plastics
—
Deed Of Trust
related
$1,800,000 · Mellon Bank
—
—
Captive Plastic
—
Deed Of Trust
related
$6,000 · Mellon Bank
—
—
Psip Redlands LP
—
Deed Of Trust
related
$22,330 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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