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541 W Marshall Blvd 31,520 SF 35% Leased Retail Building San Bernardino, CA 92405 $4,500,000 ($142.77/SF) 5.60% Cap Rate
Investment Highlights
- Vacant unit (20,000 sf)- former Ralph's
- Close to 210 freeway 2 mins away
- Great Redevelopment Opportunity (Must review with city)
- Open plan can be used for indoor sports (soccer and pickleball)
- Stability with 7 tenants in muti unit portion of the property
- Phase 2 environmental review completed recently
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. 143 Parking spaces. Bring your offers!
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
35%
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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