771 San Jacinto St, San Bernardino, CA 92408

This 1,225-square-foot light industrial property in San Bernardino, CA (92408), located at 771 San Jacinto St, presents a compelling redevelopment opportunity. The single-story, 1959-built building sits on a 0.68-acre lot and boasts an 8-foot ceiling height. Currently operating at 100% occupancy with a gross lease in place until July 1, 2025 (0.6 years remaining), the property generates a net operating income (NOI) of $2,400 annually. The asking price is $1,200,000, representing a price per square foot of $979.59 and a 0.20% cap rate. Zoned for light industrial use, this versatile space is suitable for various applications, including industrial outdoor storage, commercial parking, contractor yards, or trucking facilities. Potential buyers should verify all intended uses with the City of San Bernardino for Conditional Use Permit (CUP) requirements. The property is designated as a Federal Opportunity Zone, offering potential tax advantages. This resale property is a single-unit building with a permitted zoning of Light Industrial. The property's location offers excellent proximity to air transportation. This is a 1031 exchange eligible property. The APN is 0280-072-04-0000.