San Bernardino CA  home offered at $4,300,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

155 E Hospitality Lane
San Bernardino, California CA 92408
Price: $4,300,000
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Listing ID: CV19057181
Price/SqFt: $119.64
Status: Active
SqFt: 35,940 Sq Ft
Year Built: 1980

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.

Primary Features

County: San Bernardino
MLS Area Major: 274 - San Bernardino
Property Sub Type: Office
Property Type: Commercial Sale
Special Listing Conditions: Standard
Year Built: 1980
Zoning: Office Building

Financial Details

Accounting Type: Actual
Cap Rate: 6.78
Effective Gross: 425209
Net Operating Income: 291546
Operating Expense: 133662

Interior Features

Office Square Footage: 35940
Stories Total: 2

Additional

Asset Class: Office
Building Name: Commerce Plaza
Building Status: Existing
Land Use: Office
Laundry Features: None
Lot Size Source: Assessor
Number Of Units Leased: 20
Utilities: Phone Available, Sewer Available, Water Available
Water Source: Public

External Features

Number Of Buildings: 1

Location Information

Country: US

Zoning Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Tuesday, November 19th, 2019.

Based on information from CARETS as of Tuesday, November 19th, 2019 08:06:09 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing courtesy of BRANDON ROBINSON, DRE #01787727 from BRANDON ROBINSON, BROKER

Contact - Listing ID CV19057181

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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