27437 5Th StHighland, CA 92346
- Mixed-use properties
- 10,880 SF
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
- Mixed-use properties
- Property subtype
- Other industrial properties
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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