1710 W Foothill Blvd - Warehouse FOR SALE


Upland, CA 91786
$5,275,000 USD
949-466-6088
1710 W Foothill Blvd, Upland, CA for Sale
$5,275,000 USD
Warehouse - FOR SALE
1/5
null | 5.24% Cap Rate

1710 W Foothill Blvd
Upland, CA 91786


HIGHLIGHTS

  • Value- Added Opportunity through Leasing/Management
  • Low Lease Rates with Significant Upside
  • Mixed- Use with Retail, Auto- Retail & Office
  • $170/SF - Priced Below Replacement Costs
  • 1985 Construction; 1.90 Acres
  • Desirable Community of Upland

OVERVIEW

Marcus & Millichap Real Estate Investment Services is pleased to present an opportunity to acquire the Foothill Auto/Retail Center, a value-added investment consisting of a 31,375 square foot multi-tenant retail/automotive center in the City of Upland. An investor will be able to create significant upside by improved leasing, rental upside and management. The Foothill Center offers an actual capitalization rate of 5.24% with a proforma of 7.55%. The property is priced at $170/square foot- significantly below replacement costs. This seven-building complex has two, 2-story buildings consisting of retail/office suites and five, 1-story auto/service/retail buildings constructed in 1985. The subject property has approximately 23 units. The construction consists of concrete block and roofs of mission tile mansards along with built-up composition. The property also features 32 bays with 32 roll-up overhead doors. Parking consists of approximately 105 spaces with an overall parking ratio of 3.35 spaces per 1,000 square feet. The driveways are concrete. The site is approximately 1.90 acres and is of a rectangular shape. Vehicular ingress and egress are from Foothill Boulevard. The property has excellent visibility and frontage on Foothill Blvd. According to the City of Upland Planning Department, the property is zoned C/I-MU (commercial/industrial mixed use). This zoning is intended to accommodate a variety of retail, industrial and support commercial activities to satisfy a range of services for the community. All necessary utilities are available on Foothill Blvd. The City of Upland has a sewer line running along on Foothill Blvd; however, there is no record of a connection to the subject property according to the Public Works and the Water Department, City of Upland. The subject property has a septic system in-place. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property. For Further Information, Please Contact the Listing Agents.

FOR SALE DETAILS

PRICE

$5,275,000 USD

PRICE/SF

$3,475 USD /SF

CAP RATE

5.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

C

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.9

LAND SF

82,764

ZONING

C/I-MU

APN/PARCEL ID

1007-091-05,1007-091-06

ASK ABOUT THIS PROPERTY

Drew WetherholtMarcus & MillichapMore Info
949-466-6088

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Drew WetherholtMarcus & MillichapMore Info
949-466-6088

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