Redlands CA  home offered at $9,897,440 

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

 

1045 Parkford Drive
Redlands, California CA 92374
Sold For: $9,897,440
Listing ID: EV22179524
Price/SqFt: $672.02
Status: Closed
Sold Date: 1/11/2023
SqFt: 14,728 Sq Ft
Year Built: 2019

This property sits along a busy corridor of the Interstate 10 with a 110’ tall Pylon dedicated to this property, located at the entrance to South Redlands. This is the first exit in Redlands coming from the east. This offering consists of three national credit tenants, including Starbucks, Dominos, and The Learning Experience, and also includes Sev Laser which is a small regional tenant. All tenants are on NNN leases, who are all likely to renew at options, while also well-suited for backfill that can produce increase in rents. The zoning is C4 which allows for medical use, and the parking ratio is above 5/1,000 which is very difficult to find in the City of Redlands. Shadow Anchored by a free-standing state-of-the-art LA Fitness with a renewed lease at this seasoned location, known to be one of the most popular fitness clubs in the Inland Empire Region. At the time of the renewal there were significant tenant improvements, including exterior paint, and a parking lot and lighting updates

Primary Features

County: San Bernardino
Price Reduction Date: 2022-09-19T16:53:03+00:00
Price/SqFt: 672.02
Property Sub Type: Retail
Property Type: Commercial Sale
Year Built: 2019
Zoning: C4

Interior

Building Area Units: Square Feet
Condo Area Units: Square Feet
Cooling Type: Central Air
Cooling: yes
Heating: yes
Heating Type: Central
Largest Contigious Square Footage: 9900
Laundry Features: None
Retail Square Footage: 14728
Stories Total: 1

External

Lot Size Source: Assessor
Minimum Total Area Units: Square Feet
Number Of Buildings: 2
Signage: Sign Freestanding, Sign on Building
Water Source: Public

Location

Country: US
MLS Area Major: 268 - Redlands

Additional

Additional Parcels: no
Asset Class: Retail
Building Name: Parkford Grove
Building Status: Existing
Days On Market: 53
Land Use: Retail
List Agent State License: 01329426
List Office State License: 01501125
Max Total Area Units: Square Feet
Number Of Units Leased: 4
Number Of Units Total: 4
Parcel Number: 0174143070000
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Year Built Source: Assessor

Financial

Cap Rate: 5
Investment Property: yes
Net Operating Income: 494872
Special Listing Conditions: Standard

Zoning Info


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Listed by: BRADFREEMAN, DRE #01329426 from FREEMAN & ASSOCIATES

Contact - Listing ID EV22179524

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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