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1735-W W Ramsey St 15,020 SF 100% Leased Retail Building Banning, CA 92220 $2,700,000 ($179.76/SF) 6.25% Cap Rate
Executive Summary
THIS OFFERING PRESENTS THE OPPORTUNITY TO ACQUIRE A 100% LEASED, TWO-BUILDING COMMERCIAL PROPERTY LOCATED AT 1735 W RAMSEY STREET IN BANNING, CALIFORNIA. THE PROPERTY TOTALS APPROXIMATELY 15,020 SQUARE FEET AND SITS ON APPROXIMATELY 1.23 ACRES OF LAND. THE SITE INCLUDES A WELLS FARGO ATM DRIVE-THRU, AND ADDITIONAL STRUCTURES THAT ARE LEASED TO A VARIETY OF RETAIL AND OFFICE TENANTS. THE PROPERTY BENEFITS FROM STRONG VISIBILITY ALONG RAMSEY STREET AND CONVENIENT ACCESS TO INTERSTATE 10, A MAJOR TRANSPORTATION CORRIDOR CONNECTING THE INLAND EMPIRE AND
COACHELLA VALLEY.
COACHELLA VALLEY.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,020 SF
Building Class
C
Year Built
1990
Price
$2,700,000
Price Per SF
$179.76
Cap Rate
6.25%
NOI
$168,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.23 AC
Opportunity Zone
Yes
Parking
64 Spaces (4.26 Spaces per 1,000 SF Leased)
Frontage
142’ on W Ramsey St
Amenities
- 24 Hour Access
- Banking
- Bus Line
- Controlled Access
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 538-150-048 | Improvements Assessment | $663,000 |
| Land Assessment | $357,000 | Total Assessment | $1,020,000 |
Property Taxes
Parcel Number
538-150-048
Land Assessment
$357,000
Improvements Assessment
$663,000
Total Assessment
$1,020,000
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1735-W W Ramsey St
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