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20254 Hwy 18 - Apple Valley Commons - Union Bank, Apple Valley, CA

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20254 Hwy 18 - Apple Valley Commons - Union Bank

Apple Valley, CA 92307 - North San Bernardino Submarket


Property Type:Retail Sub Type:Bank Status:Existing Year Built:2007
Building Size:6,000 SF Land Area:.81 AC (35,223 SF)
For Sale Price:$5,160,000 Price/SF:$860.00
Cap Rate:5.25 %
Parking:Free Surface spaces are available; Ratio of 4/1,000 SF
Features:Dedicated Turn Lane, Signalized Intersection, Drive Thru


This building was awarded an Energy Star label in 2012 & 2013 for its operating efficiency.

Sale Notes:
Description
* Corporate signature Union Bank, (NYSE:MTU, S&P Rating: A+), founded in 1864, is the nation' s 20th largest commercial bank with a market capitalization of $73.6 billion, 2015 revenue of $47.8 million, and assets in excess of $113.5 billion, as of July 2015

* Strong deposit bank location within the trade area (over $120 million in deposits) this Union Bank has the highest deposit amounts of all FDIC insured banks within the 92307 zip code

* Fifteen (15) year single tenant corporate lease (approximately 7 years remaining) with a near-term (2018), 12.5% rent increase

* "Coupon Clipper" Union Bank, constructed in 2007 with dual drive-thru ATMs, at the entrance to the Target Anchored 294,658 SF Apple Valley Commons

* Tenant pays 100% of all repairs and maintenance on its own parcel and reimburses for 100% of its share of common area maintenance ( CAM ) making Union Bank perfect for out of town investors
* Apple Valley' s population grew over 27% from 2000 to 2010 and over 17% from 1990 to 2000, driven by new developments, housing affordability and its San Bernardino County location with proximity to Southern California transportation corridors

CBRE
Phil D Voorhees
(949) 725-8521

Kirk Brummer
(949) 725-8418

John Read
(949) 725-8606

James Slusher
(949) 725-8507

Megan Wood
(949) 725-8423




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