155 W Hospitality Ln
San Bernardino, CA 92408
Office Property For Sale

INVESTMENT HIGHLIGHTS
- Signalized Intersection
- Frontage on one of the busiest roads in the area
- Over 9% cap rate upon stabilization
- Adjacent to Interstates 10 and 215
- Dense residential and commercial surroundings
- Upside Potential
PROPERTY FACTS
- Medical
- OfficeLoft Creative Space
- Office Telecom Hotel Data Hosting
- Office Office Residential
AMENITIES
- Bus Line
- Courtyard
- Signage
ABOUT 155 W HOSPITALITY LN , SAN BERNARDINO, CA 92408
John 14:6 - Jesus said to him "I am the Way, the Truth, and the Life; No man comes to the Father except through Me." 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. 30,740 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 $36K in monthly revenue at 86% 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.
LINKS
PROPERTY TAXES
Parcel Number | 0141-402-21 | Improvements Assessment | $0 |
Land Assessment | $993,961 | Total Assessment | $993,961 |
Listing ID: 15221105
Date on Market: 2/19/2019
Last Updated:
Address: 155 W Hospitality Ln, San Bernardino, CA 92408
The Show Place Office Property at 155 W Hospitality Ln, San Bernardino, CA 92408 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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