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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

Property Type
Office
Property Subtype
Medical
Building Size
35,940 SF
Building Class
B
Year Built
1980
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
17,000 SF
Slab To Slab
11’
Building FAR
0.42
Lot Size
1.96 AC
Zoning
CR3, San Bernardino
Parking
60 Spaces (1.81 Spaces per 1,000 SF Leased)

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.

PROPERTY TAXES

  • Listing ID: 15221105

  • Date on Market: 2/19/2019

  • Last Updated:

  • Address: 155 W Hospitality Ln, San Bernardino, CA 92408