2102 Palm AveHighland, CA 92346
17,200 SF Shopping Center, Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- $2,600,000 asking price for a value-add retail investment opportunity.
- 17,200 square foot shopping center with 10 units, currently 71% occupied.
- Gross lease structure with no tenant credit rating; leases expire 05/31/2024.
- $126,300 Net Operating Income (NOI) yielding a 4.86% cap rate and a price per square foot of $151.16.
- Located at 2102 Palm Ave, Highland, CA 92346, a 120-foot frontage on Palm Ave near a main intersection with strong surrounding tenants.
- Three buildings, two stories, built in 1980, with 50 parking spaces and APN 1191-301-06-000.
Property Details for 2102 Palm Ave
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 17,200 SF
- Year Built
- 1980
- Buildings
- 3
- Stories
- 2
- Units
- 10
Location Insight
- City
- Highland
- County
- San Bernardino
- State
- California
- Latitude
- 34.1344178
- Longitude
- -117.2091497
Nearby Similar for Sale
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