This exceptional investment opportunity presents a fully leased, 44,291 square foot flex center in San Bernardino, CA. Boasting 24 diverse tenants in 32 units, this property offers a strong, diversified income stream with a 7.00% cap rate and a $521,800 NOI. Situated on a 2.9-acre lot at a major commercial hub with high visibility on Hospitality Lane, the property benefits from two signalized intersections and over 30,200 daily car counts. The center features 14-foot clear heights, multiple office/retail buildouts, and 22 grade-level bay doors, accommodating a wide range of tenants. Average suite size is 1,384 square feet, ranging from 956 to 1,930 SF, easily combinable or divisible. Recent capital improvements totaling approximately $345,000 enhance the property's value, including a new roof, HVAC units, fresh paint, and LED lighting. The property is zoned CR-3 (Commercial, Regional – Tri-City/Club) and features a clean Phase I environmental report (July 2023). Built in 1980, the property offers significant upside potential with low, replaceable rents and opportunities to convert modified gross leases to triple net over time. The current asking price is $7,450,000 ($168.21/SF). The high demand for small-format flex space in this area, coupled with limited supply and embedded rent increases (2-5% annually), makes this a compelling investment with minimal downside risk.
Highlights
Fully occupied flex center with 24 tenants.
High-demand location in the Tri-City Commercial Hub, a 4.4 million square foot center at the intersection of freeways 10 & 215, with 51,000 daytime employees.
High demand, low supply of small-format flex space; 1.60% vacancy rate in the Hub for flex space (CoStar).
Smaller, easily leasable suites averaging 1,384 square feet (956-1,930 SF), with only two vacancies under 2,000 SF in the Hub (CoStar).
Diverse income stream from 24 tenants minimizing vacancy risk.
330 feet of frontage on Hospitality Lane, the area's primary commercial thoroughfare.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Greg Bedell, CCIM
Lance Mordachini
Visit Broker Website
Learn more
Useful Information
Request information
165 Hospitality Ln, San Bernardino, California, 92408
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
165 Hospitality Ln
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.