270 E Base Line St - Freestanding FOR SALE


San Bernardino, CA 92410- Downtown San Bernardino
$1,963,000 USD
702-250-3392
270 E Base Line St, San Bernardino, CA for Sale
$1,963,000 USD
Freestanding - FOR SALE
1/17
null | 9.61% Cap Rate

270 E Base Line St
San Bernardino, CA 92410
Downtown San Bernardino


HIGHLIGHTS

  • 100% Effective Occupancy: Long-Term Tenancy of Mother's Nutritional Center, Recent Lease-up of MJ Spot, and Desirable Cash Flow for Speedy Cash (Dark)
  • Well-Located Strip Center on E. Baseline St. with Direct Frontage to Over 26,000 Vehicles Per Day and Dense Population of 162,842 Residents in 3-Miles
  • Well-Maintained Property with Recent Improvements Including New Paint and a Newly Striped Parking Lot
  • Nearby Demand Drivers Include National Retailers Such as Stater Bros, O'Reilly Auto Parts, Citi Trends and, Jack in the Box
  • Recent $5M Investment by San Bernardino County is Bringing 92 New Affordable Housing Units to the Nearby Arrowhead Grove Community
  • Additional Income Stream Provided by Clear Channel Communications - Long-Term Stable Income

OVERVIEW

Marcus & Millichap is pleased to present 270 East Baseline Street, a ±5,000 square foot well-appointed retail strip center featuring ideal suite configurations, long-term tenants, and value-add potential, situated upon a .59 acre lot, along with additional billboard income. Located in a well-established commercial corridor of San Bernardino, 270 East Baseline Street offers strong visibility and direct frontage along Baseline Street at South Waterman Avenue with tremendous traffic counts. Frontage along Baseline Street — one of the area's primary east-west retail and commuter thoroughfares — makes this offering ideally suited for neighborhood-serving retail and service tenants. This well-constructed property was developed in 2004 primarily for Speedy Cash. Speedy Cash (now dark but continuing to pay rent) recently ceased operations as part of a consolidation effort across their California locations and, in turn, sold this building to the current ownership. Opportunity exists to re-tenant the former Speedy Cash space with another payday or auto title loan business or attract other retail tenants over the course of the next year and a half all while continuing to collect rental income through the end of 2027. The Subject Property benefits from its convenient access to major regional transportation routes including Interstate 10 and Interstate 215, providing connectivity throughout the Inland Empire, a short 10-minute drive to San Bernardino International Airport (SBD), and direct access to surrounding population centers such as Riverside and Ontario. Its central location within the San Bernardino trade area places the Asset within one of Southern California's fastest-growing logistics and population hubs.

FOR SALE DETAILS

PRICE

$1,963,000 USD

PRICE/SF

$403 USD /SF

CAP RATE

9.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Three Tenant Retail Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

CROSS STREETS

Belle St

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

Commercial

APN/PARCEL ID

0146-243-36

ASK ABOUT THIS PROPERTY

Candace BareMarcus & MillichapMore Info
702-250-3392

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Candace BareMarcus & MillichapMore Info
702-250-3392

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