This property is Off-Market

1254, 1264, & 1274 South Waterman Ave
San Bernardino, CA 92408 ·

24,341 SF · Office For Sale

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Valley Business Park

Price N/A Occupancy 100%
Building Size 24,341 SF No. Stories 1
Property Type Office Building Class B
Property Sub-type Office-Business Park Tenancy Multiple
Property Use Type Investment Year Built 1984
Cap Rate 6.69% Lot Size 2.56 AC
Listing ID: 14631223 Date Created: 05/22/2006 Last Updated: 08/07/2007

Description

******** $800,000 PRICE REDUCTION*********
The Valley Business Park is an operating business park uniquely conceived to cater to small business firms. Buildings 1264 A and 1274 Waterman were built approximately in 1984, buildings 1264 B & C were built in 2002, and 1254 A, B, & C were constructed by December of 2004. Each office is private, individually metered and designed to accommodate one or two desks and furniture. Every suite is equipped with a wall unit air conditioner, and share a total of 6 common area restrooms. This concept has been so successful that the existing buildings are 100% occupied and they have already pre-rented several units in the new phase III development.

Close Proximity to 10 & 215 Freeways, Directly South of the property is the San Bernardino Golf Club and the 153 Acre Tri-City Development, 20 minute from Ontario International Airport, Inland Empire is Forecasted to Out Grow all but 5 States in the Next 10 Years.

Highlights

  • Proforma CAP 7.69%
  • Year Built 1984 & 2004
  • Over 50% of Buildings are 2003 & 2004 Construction
  • Great Location!
  • High Demand Office Space
  • Unique Deal with Very Limited Competition

Research

1254, 1264, & 1274 South Waterman Ave, San Bernardino, CA 92408 (San Bernardino County)

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