For Sale
$7,305,000

1461 Cooley DrColton, CA 92324

Prime Colton location, 100% occupied, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity in Colton, CA, presents a unique portfolio comprising two key assets. First, a premier, two-story, multi-tenant office building totaling 40,119 square feet, currently boasting 100% occupancy across 14 units. Built in 1991, this Class A building sits on a 2.06-acre lot and features a gross lease structure. The building's strong performance is reflected in its 7.76% in-place capitalization rate. Secondly, a separate 1.29-acre parcel is included, generating income from a cellular tower lease and providing approximately 100 parking spaces. This land parcel offers significant potential for future development. The combined properties are offered at $7,305,000, representing a compelling investment with a strong current income stream and future upside. The property is strategically located in the Cooley Ranch area of Colton, providing easy access to major interstates I-10, I-215, and I-15, placing it at the heart of the Inland Empire's thriving logistics sector. The land value is $23.67 per square foot. The combined APNs are 0276-144-55 and 0276-144-54. This turnkey investment is ideal for savvy investors seeking a stable, high-return asset in a rapidly growing market. The price per square foot for the building is $150.

Highlights

  • Premier, 40,081 SF multi-tenant Class A office building on a 2.06-acre lot; 100% leased; 7.53% in-place cap rate, 8.03% proforma cap rate; APN: 0276-144-55; $5,975,000 sale price.
  • 1.29-acre vacant land parcel with cellular tower lease and approximately 100 parking spaces; APN: 0276-144-54; $1,330,000 sale price.
  • Total sale price: $7,305,000.

Property Details for 1461 Cooley Dr

Property type
Office properties, Medical offices
Square Feet
40,119 SF
Class
A
Year Built
1991
Stories
2
Lot Size (sq. ft)
56,192 SF
Units
14

Location Insight

City
Colton
County
San Bernardino
State
California
Latitude
34.0555503
Longitude
-117.3040872
1461 Cooley Dr, Colton, California

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1461 Cooley Dr
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