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Interstate Batteries- Leased Investment 1730 S E St 21,000 SF Retail Building San Bernardino, CA 92408 $4,650,000 ($221.43/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease expires May 31, 2027
- Ideal for a 1031 exchange.
- Leased investment sale with corporate lease.
- Limited landlord responsibilities.
- Call to show.
EXECUTIVE SUMMARY
Leased investment sale. Ideal for a 1031 exchange. Corporate Net Lease from Interstate Batteries. 4 year lease renewal. 3% annual increases. Freestanding building and stand alone asset, eliminating possible complex CC&R’s. Lease expires May 31, 2027
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,000 SF
Building Class
B
Year Built
1980
Price
$4,650,000
Price Per SF
$221.43
Cap Rate
5.75%
NOI
$267,248
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
1.38 AC
Opportunity Zone
Yes
Zoning
CG-1, San Bernardino - general commercial
Parking
74 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
239’ on E
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,268,367 | |
| Land Assessment | $614,963 | Total Assessment | $1,883,330 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$614,963
Improvements Assessment
$1,268,367
Total Assessment
$1,883,330
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Interstate Batteries- Leased Investment | 1730 S E St
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