148 E Baseline St
7,000 SF 100% Leased Retail Building San Bernardino, CA 92410 $1,500,000 ($214.29/SF) 5.60% Cap Rate
EXECUTIVE SUMMARY
Investment Opportunity located in city of San Bernardino
Commercial zoning. It was a truck repair shop long time ago.
Property has two units (“A” and “B”). Both are tenants occupied for a long time and recently signed the new lease agreement for 5 years with two 5 years option. Annually fixed 4% increase.
Total property size is 7,000SF and lots 24,800SF.
Unit “A” is 3,000SF for Auto dealer with the rent $3,271.50 plus CAM charge $630.
Unit “B” is 4,000SF for Tire shop with the rent $3,741.50 plus CAM charge $840.
Tenant is responsible for all utilities bills and all maintenance of lease potion of building.
Owner pays $13,280 for the property tax 2024.
Commercial zoning. It was a truck repair shop long time ago.
Property has two units (“A” and “B”). Both are tenants occupied for a long time and recently signed the new lease agreement for 5 years with two 5 years option. Annually fixed 4% increase.
Total property size is 7,000SF and lots 24,800SF.
Unit “A” is 3,000SF for Auto dealer with the rent $3,271.50 plus CAM charge $630.
Unit “B” is 4,000SF for Tire shop with the rent $3,741.50 plus CAM charge $840.
Tenant is responsible for all utilities bills and all maintenance of lease potion of building.
Owner pays $13,280 for the property tax 2024.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
7,000 SF
Building Class
C
Year Built
1945
Price
$1,500,000
Price Per SF
$214.29
Cap Rate
5.60%
NOI
$84,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
Retail Auto Dealer - The Existing Retail are a Tire Shop (4,000SF) and Auto Dealer Space (3,000SF)
Parking
20 Spaces (80 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Fenced Lot
- Property Manager on Site
- Signage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0146-231-29 | Improvements Assessment | $777,600 |
| Land Assessment | $277,800 | Total Assessment | $1,055,400 |
