1035 Parkford Dr | Redlands, CA 92374
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- LoopNet Team
1035 Parkford Dr
Redlands, CA 92374
Land For Sale · 3.40 AC
Investment Highlights
- Land purchase with Long term ground lease in place
- Just off the Ford Exit and the 10 freeway
- When the lease terminates you own the land and the improvements
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 3.40 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 3.40 AC |
Description
You are purchasing the land only with a long term ground lease in place with a master tenant. that has sub-leased the property to LA Fitness. The remaining term on the lease is 78 years annual rent at this time is $69,742.00 with rent bumps every 5 years. This is idea for a long term investment that can hold the property until the lease terminates and then the land owner will also own the improvements. Idea for a Trust, REIT or Pension Plan.
PROPERTY TAXES
| Parcel Number | 0174-143-06 | Improvements Assessment | $8,159,625 |
| Land Assessment | $2,621,685 | Total Assessment | $10,781,310 |
PROPERTY TAXES
Parcel Number
0174-143-06
Land Assessment
$2,621,685
Improvements Assessment
$8,159,625
Total Assessment
$10,781,310
zoning
| Zoning Code | C4 |
| C4 |
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