For Sale
$1,200,000

771 San Jacinto St San Bernardino, CA 92408

1,225 SF Flex Space, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
135
This 1,225-square-foot light industrial property in San Bernardino, CA (92408), located at 771 San Jacinto St, presents a compelling redevelopment opportunity. The single-story, 1959-built building sits on a 0.68-acre lot and boasts an 8-foot ceiling height. Currently operating at 100% occupancy with a gross lease in place until July 1, 2025 (0.6 years remaining), the property generates a net operating income (NOI) of $2,400 annually. The asking price is $1,200,000, representing a price per square foot of $979.59 and a 0.20% cap rate. Zoned for light industrial use, this versatile space is suitable for various applications, including industrial outdoor storage, commercial parking, contractor yards, or trucking facilities. Potential buyers should verify all intended uses with the City of San Bernardino for Conditional Use Permit (CUP) requirements. The property is designated as a Federal Opportunity Zone, offering potential tax advantages. This resale property is a single-unit building with a permitted zoning of Light Industrial. The property's location offers excellent proximity to air transportation. This is a 1031 exchange eligible property. The APN is 0280-072-04-0000.

Highlights

  • Located in a Qualified Opportunity Zone.
  • Prime location with high visibility and accessibility.
  • Strong tenant base with long-term leases.
  • Significant upside potential for future appreciation.
  • Attractive cap rate and strong cash flow.

Property Details for 771 San Jacinto St

Property type
Warehouses, Industrial properties
Square Feet
1,225 SF
Year Built/Renovated
1959/2
Buildings
1
Stories
1
Lot Size (sq. ft)
29,621 SF
Units
1

Location Insight

City
San Bernardino
County
San Bernardino
State
California
Latitude
34.0909487
Longitude
-117.2683612

FAQs

What type of property is this?
Warehouse - 1,225 SF Flex Space, Redevelopment Opportunity
Where is the warehouse located?
The property is located at 771 San Jacinto St San Bernardino, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Located in a Qualified Opportunity Zone.; Prime location with high visibility and accessibility.; Strong tenant base with long-term leases.
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.
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771 San Jacinto St
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