1673-1709 E Highland Ave
San Bernardino, CA 92404
Elmwood Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value-Added Strip Retail Center; Low Cost per Foot-$123
- 6.83% Actual Cap Rate with 80% Occupancy | 9.77% Proforma Cap Rate with 95% Occupancy
- Stable Center; All Tenants are Paying
- Anchored by Aaron’s Inc.- A Publicly Traded Company Occupying 30% of the Property
- Rental and CAM Upside
- High Identity Street Frontage & Signage; Monument Sign
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
23,423 SF
Building Class
B
Year Built/Renovated
1958/2006
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
1.29 AC
Zoning
CG-1 - Commercial
Parking
60 Spaces (2.56 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 0273-282-20 | Improvements Assessment | $1,952,158 |
| Land Assessment | $669,311 | Total Assessment | $2,621,469 |
