Off-Market California Shopping Center
San Bernardino County, CA
2015 built shopping center anchored by national tenants.
True Triple Net leases.
All leases on their initial terms with built in rent increase.
Approx 50,000 RSF on Approx 4.5 AC lot.
Located on a Signalized Intersection with a very successful drive thru.
Property Type class A in Class B ,location.
LA Metrolink will start construction of its new Gold Line route which will connect this city and vicinity to LA. The future station of this city is 3 miles away for the subject property.
NOI is $864,298 and annual CAM $ 192,599. NOI once 100% leased (only 2 vacancies both are being negotiated at the moment with national tenants) $100,234.
This Goldline project has spurred $1 billion in private investments in residential and commercial development including nearly 1200 residential units near future metro station alone and 1 million square feet of commercial development.
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