27437 5Th StHighland, CA 92346

Property Details for 27437 5Th St

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.69 AC

Property size (Sq ft)

10,880 SF

Property type

Industrial properties

Property subtype

Loft space

APN

1201-311-20-0000

APU

1201311200000

Description

This exceptional multi-tenant industrial property, encompassing 10,880 square feet across nine units, presents a compelling investment opportunity. Situated on a sizable 0.69-acre lot (29,877 square feet), this building is strategically located in Highland, CA, within the dynamic Inland Empire East region of Southern California. Its prime location offers convenient access to major transportation arteries, including proximity to Interstate 10, State Route 210, and State Route 215. This allows for seamless connectivity to regional and national distribution networks. The property benefits from its inclusion in the Highland 5th and 3rd Street Corridor Improvement project, a significant initiative designed to enhance infrastructure and connectivity to key economic drivers. This includes improved access to the San Bernardino International Airport Logistics hub and the numerous distribution centers that employ thousands in the area. The property's versatile design and strategic location make it an ideal investment for a variety of industrial uses, offering strong potential for rental income and long-term appreciation. The building's size and layout provide flexibility for multiple tenants, catering to diverse business needs. This presents a rare opportunity to acquire a well-positioned industrial asset in a thriving Southern California market. The property is priced at $2,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,146,914

  6.5%

  $2,904,844

  7%

  $2,697,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,634,436

  Geo Method

  $5,384,550

• Alternative Use

  Use

  Valuation

  Residential

  $2,904,844

  Hospitality

  $2,660,822

  Educational

  $2,213,772

  Medical

  $2,289,907

  Retail

  $3,443,646

Location Insight

City

Highland

County

San Bernardino

State

California

Latitude

34.1074

Longitude

-117.206

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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