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Owner User or Investment Property 4235 University Pky 5,040 SF 100% Leased Retail Building San Bernardino, CA 92407 $2,685,000 ($532.74/SF) 6.15% Cap Rate
Executive Summary
Prime retail property ( 3 units ) in the University Village, located right off 215 Fwy near California State University San Bernardino. Currently one unit is vacant (2580 SF) which may be used as restaurant, store or medical office. Two other units ( Yogurt Land and Boba drink restaurant) provide stable rental income. This is perfect setup for owner user who also receive rental income from other tenants. Cap rate of 6.15% is based on assumption the vacant unit leased @ market rent. The property is adjacent to McDonald's, Domino's Pizza & T-Mobil. It's across street from Starbuck, Chick-fil-A and Dutch Brothers. Other tenants in the University Village include I-Hop, WaBa Grill, Chevron, DaVita, and others.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,040 SF
Building Class
B
Year Built
2000
Price
$2,685,000
Price Per SF
$532.74
Cap Rate
6.15%
NOI
$165,096
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.49 AC
Zoning
CG1 - Commercial General
Parking
24 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
86’ on University Pkwy
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0266-561-20 | Improvements Assessment | $1,920,786 |
| Land Assessment | $679,173 | Total Assessment | $2,599,959 |
Property Taxes
Parcel Number
0266-561-20
Land Assessment
$679,173
Improvements Assessment
$1,920,786
Total Assessment
$2,599,959
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Owner User or Investment Property | 4235 University Pky
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