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26655 Highland Avenue, Highland, CA

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26655 Highland Avenue

Highland, CA 92346 - East San Bernardino Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1994
Building Size:113,357 SF Land Area:9.74 AC (424,274 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 3.34/1,000 SF
Features:Bus Line, Signage
113,357 SF is available to occupy upon purchase.

Building is currently vacant. Former K-Mart.

Sale Notes:
Investment Summary
The Maling Team of Colliers International is pleased to exclusively represent the receivership assigned to this Vacant Big Box Retail Space located at 26655 Highland Avenue in Highland, California.

The property is a part of the Highland Center, which contains both a Food for Less Supermarket and a Big Lots Retail Store. Built in 1994, the former K-Mart building consists of approximately 113,357 rentable square feet and is situated on an 9.74 acre lot (424,274 square feet). Costar is reporting approximately 391 parking spaces which provides a parking ratio of 3.34 spaces per 1,000 sq.ft. Due to the property being vacant for a period of time and currently in receivership, property condition appears to be poor with full renovations required to the exterior, interior and all infrastructure including electrical, mechanical and HVAC.
As renovation cost will be required, an investor will be able to target available tenants seeking expansion and customize the property to their specifications. The property is also priced for an investor toland bank this investment for future growth.

Please note this is a Receivership Sale where Colliers International has been engaged by a Court Appointed Receiver to market and sell the property. Very limited information has been provided on the property and were retained from third party websites. Prospective buyers will be required to verify all information on this marketing brochure with Colliers International and marketing agents not being responsible for the accuracy of the information provided. Prospective buyers should verify all information including zoning, square footage, use restrictions, property condition and prospective tenant interest. Sale will be subject to court approval.

Colliers International
Chris Maling
(213) 532-3292

David Maling
(213) 532-3291

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