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Kendall Center

1357 Kendall Drive, San Bernardino, CA 92407

N/A

9,685 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
9,685 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Investment
Cap Rate:
11.50%
Occupancy:
100%
Tenancy:
Multiple
Year Built:
1988
Lot Size:
28,800 AC
Listing ID
127064
Last Updated
over 1 year ago

Highlights

  • 100% Occupied
  • 16% Cash on Cash
  • 8 of the 9 leases provide 3% fixed annual increases!

Description

Kendall Center is a 9,685 square foot shopping center located in the city of San Bernardino, CA. This attractive center, with distinguishing blue mansard tile roofing, was built in 1988. The center has prominent visibility via 240 feet of frontage on Kendall Drive - a major east/west arterial. Favorable ground lease - does not revert back like typical ground lease.

Kendall Center is located in the northern portion of San Bernardino, within close proximity to the (I-215) Freeway. The area benefits from a strong mix of single and large-scale multi-family residences. The subject neighborhood is known as University Park. California State University at San Bernardino is less than 2 miles from the subject.

Map of 1357 Kendall Drive, San Bernardino, CA 92407

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