1470 Highland Ave - Freestanding FOR SALE


San Bernardino, CA 92404- Northeast Sterling
$2,000,000 USD
909-230-4500
1470 Highland Ave, San Bernardino, CA for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

1470 Highland Ave
San Bernardino, CA 92404
Northeast Sterling


HIGHLIGHTS

  • Value-Add Opportunity Through Lease-Up
  • Dense, High-Demand Trade Area
  • Surrounded by High-Ranking Retailers
  • Strong Tenant History
  • Recent Capital Improvements
  • ±44,819 CPD Signalized Intersection

OVERVIEW

Progressive Real Estate Partners is pleased to present the opportunity to acquire a grocery anchored, value add retail center located at 1470 E Highland Avenue. The property is positioned adjacent to a top 25% performing Stater Bros that draws approximately 1.1 million annual visitors (Placer.ai), providing steady daily traffic and strong consumer demand. With access from both Highland Avenue and Del Rosa Avenue, a signalized intersection carrying ±44,819 CPD, the center benefits from exceptional visibility and convenient ingress and egress. The ±9,948 SF retail center, with existing suite sizes ranging from ±1,200 SF to ±2,500 SF, is currently 54% occupied and offers meaningful upside through the lease up of the remaining vacancies, including a ±2,100 SF space and a ±2,520 SF space, both of which can be demised into smaller units. At stabilization, assuming the remaining vacancy is leased at an average rate of $1.85/SF/month, the investment achieves a 10.20% pro forma cap rate inclusive of a 5% vacancy factor.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocer Anchored Value-Add Retail Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

CG-1

APN/PARCEL ID

0150-461-04

ASK ABOUT THIS PROPERTY

Lance MordachiniProgressive Real Estate PartnersMore Info
909-230-4500

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Lance MordachiniProgressive Real Estate PartnersMore Info
909-230-4500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.