25725-25755 Baseline StHighland, CA 92346

Property Details for 25725-25755 Baseline St

Year built

1970

Lot size

1.15 AC

Property size (Sq ft)

12,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents 12,000 square feet of retail space situated on a 1.15-acre lot in Highland, California. The property, known as Shoppes on Baseline, comprises two single-story buildings totaling 12,000 square feet, built in 1970, and features 179 parking spaces. Currently operating at 52% occupancy with month-to-month leases, this value-add property offers significant upside potential. The asking price is $2,600,000, representing a price per square foot of $216.67 and a pro-forma cap rate of 8.72%. The property boasts a pro-forma NOI of $226,741 and benefits from annual CPI rent bumps. Zoned for general commercial use, the property includes a vacant pad, presenting a rare development opportunity in a high-growth area. The property is located at a heavily trafficked intersection, offering excellent visibility and access. Fee simple ownership allows for depreciation of existing improvements. The property's APN is 1192-011-02-0000, 1192-011-05-000, 1192-011-06-0000. This multi-tenant retail center is shadow-anchored by a Cardenas Markets, providing strong visibility and drawing power. The current in-place rental rates present a significant opportunity for rental increases.

Location Insight

City

Highland

County

San Bernardino

State

California

Latitude

34.1212

Longitude

-117.242

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