363 E Gilbert St - Apartments FOR SALE


San Bernardino, CA 92404- Perris Hills
$11,000,000 USD
909-815-7324
363 E Gilbert St, San Bernardino, CA for Sale
$11,000,000 USD
Apartments - FOR SALE
1/11
null | 6.14% Cap Rate

363 E Gilbert St
San Bernardino, CA 92404
Perris Hills


HIGHLIGHTS

  • New Boiler System Was Recently Installed
  • During the term, no less than 40% of the total number of completed units in the Project shall at all times be Low Income Units.

OVERVIEW

CBRE is pleased to present the opportunity to acquire Bernardine Senior, a 71-unit Independent Living 55+ senior community located in the city of San Bernardino, California. Built in 1984 and situated on 1.05 acres, the property is comprised of a single four-story rental building that houses a unit mix of all one-bedroom floorplans ranging from 480 to 520 square feet. The property offers an affordable component with Section 8. The community offers comprehensive common area amenities including a multi-purpose room, elevator, laundry room, storage area, courtyards, walkways, fitness center, surface parking, and controlled access. Bernardine Senior Independent Living is well located less than one block northeast of the intersection of Baseline Street and Waterman Avenue, both major throughfares that traverse the area. The property is convenient to medical facilities, grocery stores, shopping, dining, and service-based businesses as well as enjoying easy access to numerous area freeways including the I-215, 210 Freeway, and I-10, which connect residents to the retail, entertainment, dining, and employment centers found throughout San Bernardino and the entire Inland Empire region.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

71

PRICE/UNIT

$154,930

CAP RATE

6.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bernardine Senior Independent Living

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1984

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

C2, San Bernardino

APN/PARCEL ID

0147-091-16,0147-091-17,0147-091-18

ASK ABOUT THIS PROPERTY

Cray CarlsonCBRE, Inc.More Info
909-815-7324

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Cray CarlsonCBRE, Inc.More Info
909-815-7324

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