This property is Off-Market
2552 Mercantile Way
Barstow, CA 92311 ·
328,283 SF · Retail For Sale
The Barstow Factory Outlets
|Gross Leasable Area||328,283 SF||Tenancy||Multiple|
|Property Type||Retail||Year Built||1989|
|Property Sub-type||Outlet Center||Lot Size||48.85 AC|
|Property Use Type||Investment||APN / Parcel ID||0428-211-26-0-000 & 0428-211-27-0-000|
|Cap Rate||17.70%||Parking Ratio||5.40 / 1,000 SF|
|Listing ID: 17530593||Date Created: 02/14/2012||Last Updated: 08/09/2012|
The Barstow Factory Outlets is comprised of twenty four (24) free-standing buildings lined along a landscaped, open-air corridor. The total combined square footage of the center is approximately 328,283 SF, of which 20% is currently leased. Some of the notable tenants are Levi' s, Vans, Pacific Sunwear and Children' s Place. At one point in time, this center was a vibrant destination packed with shoppers travelling to and from Las Vegas. Over the years, the center has suffered from numerous factors which have resulted in the deterioration of the tenancy and rental income. Offered at a fraction of replacement cost for the improvements ($30/SF), and under $4/SF for the land, this opportunity allows an investor to breathe new life into this once thriving retail center, thereby achieving a significantly better than market return on their investment upon stabilization.
The Barstow Factory Outlets is a 328,283 square foot multi-tenant shopping center located at 2552 Mercantile Way, Barstow CA, 92311. It resides at the southern end of Barstow in the County of San Bernardino and is located just off of Interstate 15 freeway
between the Lenwood Rd. and Outlet Center Dr. exits.
- Below Replacement Cost: To rebuild this center would cost, at a minimum, four to five times what it can be purchased for today.
- Vegas/Southern CA Connection: As the mid-point between LA and Las Vegas, Over 9.5M travelers going to Vegas alone pass by this site every year.
- Adjacent Synergies: The adjacent Tanger Outlet Center and neighboring fast food pads all perform extremely well, proving the viability for retailers.
- Value Add' Opportunity: At 20% occupied, this is a true value add' opportunity for proactive real estate professionals.
- Visibility and Access: The subject property can be easily seen from the I-15 freeway, which offers an exit that feeds directly into this location.
- Tenant Mix: Despite the lack of tenancy, Barstow Factory Outlets has managed to retain a number of national/regional tenants.
2552 Mercantile Way, Barstow, CA 92311 (San Bernardino County)
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