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541 W Marshall Blvd 31,520 SF Vacant Retail Building San Bernardino, CA 92405 $4,500,000 ($142.77/SF) 5.60% Cap Rate
Investment Highlights
- Vacant unit (20,000 sf)
- Close to 210 freeway 2 mins away
- Open plan can be used for indoor sports (soccer and pickleball)
- 143 parking spaces
Executive Summary
This retail strip features ten commercial spaces, including a large unit exceeding 20,000 square feet, ideally suited for a grocery market or department store, which is currently unoccupied. Has the options of having indoor soccer or pickleball inside. The shopping center hosts eight tenants in total, with a Donut Shop, a liquor store, Laundromat and more.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
31,520 SF
Building Class
C
Year Built/Renovated
1965/2022
Price
$4,500,000
Price Per SF
$142.77
Cap Rate
5.60%
NOI
$252,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.27
Lot Size
2.73 AC
Zoning
C2 - Commercial
Parking
143 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
401’ on Marshall Blvd
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0152-162-26 | Improvements Assessment | $2,128,514 |
| Land Assessment | $177,308 | Total Assessment | $2,305,822 |
Property Taxes
Parcel Number
0152-162-26
Land Assessment
$177,308
Improvements Assessment
$2,128,514
Total Assessment
$2,305,822
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Presented by
Newstar Realty & Investments
541 W Marshall Blvd
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