Listing ID: CV19057181
COMMERCE PLAZA is located at 155 W. Hospitality Lane in the city of San Bernardino. This two story office complex was constructed in 1980 and sits on 1.94 acres of land. The property consists of 35,940 rentable square feet of office space divided into 35 units. 29,595 square feet of space is currently occupied.
COMMERCE PLAZA is located at the corner of the signalized intersection of Hospitality & Commercenter. The property is adjacent to Interstate 10 and several retail and commercial properties. The property is generating over $35K in monthly revenue at 82% occupancy. At full occupancy this facility will generate over $500K in annual revenue! The property has significant upside through occupancy and rental increases, to achieve close to a 9% cap rate.
COMMERCE PLAZA comes equipped with a Security Gate, Centralized Mail Room, Centralized Bathrooms, Security Cameras, 90 Parking Spaces, Exterior Lighting, and visibility and access on one of the busiest streets in the city of San Bernardino. COMMERCE PLAZA is a property with existing income and much potential providing the potential investor with a "Value Add" investment.
MLS Area Major:
274 - San Bernardino
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Phone Available, Sewer Available, Water Available
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