For Sale
$4,650,000

1730 E StSan Bernardino, CA 92408

High-yield warehouse, net lease, 5.78% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 21,000-square-foot warehouse situated on a 1.38-acre lot in San Bernardino, CA. The property, built in 1989 and zoned CG-1 (Commercial General), boasts seven ground-level roll-up doors, a 14-foot ceiling height, and ample parking (3.6 spaces per 1,000 sq ft). The building includes 2,500 square feet of administrative office space and a 16,000-square-foot warehouse area. Key features include fire sprinklers, a concrete parking lot, and a fenced yard. The property benefits from Interstate 215 freeway visibility and signage. The electrical system comprises a 1000 AMP, 208/120 Volt, 3-phase switchgear. A significant advantage is the existing corporate net lease with Interstate Batteries, featuring a remaining lease term of approximately 2.8 years (expiring 05/29/2027) and 3% annual rent increases. The NOI is $259,200, resulting in a compelling 5.78% cap rate. The asking price is $4,650,000. The property is ideally suited for a 1031 exchange, offering limited landlord responsibilities (tenant responsible for most expenses and maintenance), further enhanced by a new roof installed in 2021 with a warranty. The freestanding nature of the building eliminates potential complexities associated with CC&Rs. APN: 0141-253-05 & 08-0000.

Highlights

  • 21,000 SF retail/warehouse building
  • 2,500 SF administrative office space
  • 16,000 SF warehouse space
  • 1.38-acre lot (two parcels)
  • Seven ground-level roll-up doors
  • Fire sprinkler system

Property Details for 1730 E St

Property type
Warehouses, Retail properties
Square Feet
21,000 SF
Year Built
1989
Lot Size (sq. ft)
60,113 SF

Location Insight

City
San Bernardino
County
San Bernardino
State
California
Latitude
34.0700118
Longitude
-117.294756
1730 E St, San Bernardino, California

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1730 E St
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