1226 Indiana Ct
Redlands, CA 92374
Colton Redlands Yucaipa ROP · Industrial Property For Sale

Marcus & Millichap is pleased to present 1226 Indiana Court, an exclusively offered NN single-tenant industrial property leased by the the Colton-Redlands-Yucaipa Regional Occupational Program (CRYROP), a public education entity that is funded by federal, state and local government. This offering comprises two non-contiguous parcels. One parcel consists of a 10,824-square foot single-tenant industrial building that was built in 1990 on a 28,314-square foot parcel that also accomodates 46 parking spaces, and the other is a 36,002-square foot parcel that serves as a parking lot able to accomodate an additional 84 automobiles. CRY-ROP also occupies the three adjacent buildings similar to this property. CRY-ROP’s 10-year lease commenced in 1999, was renewed in 2009 and expires in June of 2020. CRY-ROP exercised their lease extension without hesitation in 2009 during the height of the recession when governments were cutting their budgets. The CRY-ROP program is viewed as a success, and funding looks to be abundant in the longer term. Offered at $141 per square foot, the property is priced well-below replacement costs.