1035 Parkford Dr | Redlands, CA 92374
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- LoopNet Team
1035 Parkford Dr
Redlands, CA 92374
Land For Sale
·
3.40 AC
INVESTMENT HIGHLIGHTS
- Land purchase with Long term ground lease in place
- Just off the Ford Exit and the 10 freeway
- When the lease terminates you own the land and the improvements
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 3.40 AC |
| Zoning | C4 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 3.40 AC |
| Zoning | C4 |
DESCRIPTION
You are purchasing the land only with a long term ground lease in place with a master tenant. that has sub-leased the property to LA Fitness. The remaining term on the lease is 78 years annual rent at this time is $69,742.00 with rent bumps every 5 years. This is idea for a long term investment that can hold the property until the lease terminates and then the land owner will also own the improvements. Idea for a Trust, REIT or Pension Plan.
PROPERTY TAXES
| Parcel Number | 0174-143-06 | Improvements Assessment | $8,322,818 |
| Land Assessment | $2,674,119 | Total Assessment | $10,996,937 |
PROPERTY TAXES
Parcel Number
0174-143-06
Land Assessment
$2,674,119
Improvements Assessment
$8,322,818
Total Assessment
$10,996,937
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