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C 1710 W Foothill Blvd 31,375 SF 90% Leased Industrial Building Upland, CA 91786 $5,275,000 ($168.13/SF) 5.24% Cap Rate
Investment Highlights
- Value- Added Opportunity through Leasing/Management
- Mixed- Use with Retail, Auto- Retail & Office
- 1985 Construction; 1.90 Acres
- Low Lease Rates with Significant Upside
- $170/SF - Priced Below Replacement Costs
- Desirable Community of Upland
Executive Summary
Marcus & Millichap Real Estate Investment Services is pleased to present an opportunity to acquire the Foothill Auto/Retail Center, a value-added investment consisting of a 31,375 square foot multi-tenant retail/automotive center in the City of Upland. An investor will be able to create significant upside by improved leasing, rental upside and management. The Foothill Center offers an actual capitalization rate of 5.24% with a proforma of 7.55%. The property is priced at $170/square foot- significantly below replacement costs.
This seven-building complex has two, 2-story buildings consisting of retail/office suites and five, 1-story auto/service/retail buildings constructed in 1985. The subject property has approximately 23 units. The construction consists of concrete block and roofs of mission tile mansards along with built-up composition. The property also features 32 bays with 32 roll-up overhead doors.
Parking consists of approximately 105 spaces with an overall parking ratio of 3.35 spaces per 1,000 square feet. The driveways are concrete. The site is approximately 1.90 acres and is of a rectangular shape. Vehicular ingress and egress are from Foothill Boulevard. The property has excellent visibility and frontage on Foothill Blvd.
According to the City of Upland Planning Department, the property is zoned C/I-MU (commercial/industrial mixed use). This zoning is intended to accommodate a variety of retail, industrial and support commercial activities to satisfy a range of services for the community.
All necessary utilities are available on Foothill Blvd. The City of Upland has a sewer line running along on Foothill Blvd; however, there is no record of a connection to the subject property according to the Public Works and the Water Department, City of Upland. The subject property has a septic system in-place.
Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents.
This seven-building complex has two, 2-story buildings consisting of retail/office suites and five, 1-story auto/service/retail buildings constructed in 1985. The subject property has approximately 23 units. The construction consists of concrete block and roofs of mission tile mansards along with built-up composition. The property also features 32 bays with 32 roll-up overhead doors.
Parking consists of approximately 105 spaces with an overall parking ratio of 3.35 spaces per 1,000 square feet. The driveways are concrete. The site is approximately 1.90 acres and is of a rectangular shape. Vehicular ingress and egress are from Foothill Boulevard. The property has excellent visibility and frontage on Foothill Blvd.
According to the City of Upland Planning Department, the property is zoned C/I-MU (commercial/industrial mixed use). This zoning is intended to accommodate a variety of retail, industrial and support commercial activities to satisfy a range of services for the community.
All necessary utilities are available on Foothill Blvd. The City of Upland has a sewer line running along on Foothill Blvd; however, there is no record of a connection to the subject property according to the Public Works and the Water Department, City of Upland. The subject property has a septic system in-place.
Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents.
Property Facts Under Contract
| Price | $5,275,000 | Building Class | C |
| Price Per SF | $168.13 | Lot Size | 1.90 AC |
| Sale Type | Investment | Rentable Building Area | 31,375 SF |
| Cap Rate | 5.24% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1985 |
| Property Subtype | Warehouse | Parking Ratio | 0.38/1,000 SF |
| Zoning | C/I-MU - Commercial/Industrial Mixed Use | ||
| Price | $5,275,000 |
| Price Per SF | $168.13 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.90 AC |
| Rentable Building Area | 31,375 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 0.38/1,000 SF |
| Zoning | C/I-MU - Commercial/Industrial Mixed Use |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,683,761 | |
| Land Assessment | $1,206,485 | Total Assessment | $4,890,246 |
Property Taxes
Parcel Numbers
Land Assessment
$1,206,485
Improvements Assessment
$3,683,761
Total Assessment
$4,890,246
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C | 1710 W Foothill Blvd