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JUST REDUCED: Sierra Way Plaza 3970-3996 N Sierra Way
13,396 SF 88% Leased Retail Building San Bernardino, CA 92405 $2,950,000 ($220/SF)
Investment Highlights
- Rare infill/contiguous 2 property strip centers located on main-on-main signalized corner.
- In-place investment occupied by synergistic mix of internet resistant retail and restaurants.
- High density location with ±22.3K cars per day on E 40th St and ±11.8K on N Sierra Way.
- Enormous frontage and convenient access to/from N Sierra Way with dedicated parking lots.
- National tenants continuously target and occupy this retail pocket for its amenities and consumer draw.
Executive Summary
Sierra Way Plaza is strategically located on the bustling main-on-main corner of N Sierra Way and E 40th St. Boasting a total of 13,396 SF spread across two well-positioned strip centers, this property offers immense potential for value enhancement. Sierra Way Plaza currently features 79% occupancy with expiring leases/vacancy, presenting a valuable opportunity for a savvy investor to capitalize on market lease-up prospects. With popular amenities such as in-place restaurants, service tenants, Metro PCS, this retail gem attracts a steady flow of customers daily. Furthermore, the property stands out for its proximity to major national retailers such as Cardenas Market, Walgreens, and 7Eleven, reinforcing its status as a cornerstone of the vibrant retail landscape in San Bernardino. Sierra Way Plaza is an internet-resistant investment with stable historical tenant occupancy with a true value-add component.
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Prime corner space directly facing 40th St and Sierra Way. Site was previously a national cellphone wireless store, and a barbershop before then. High visibility to +30K cars at the signalized corner. Main retail location nearby Cardenas Market, Walgreens, 7Eleven, and nearby Stater Brothers, TJ Maxx.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,624 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 1,624 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 1,624 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Prime corner space directly facing 40th St and Sierra Way. Site was previously a national cellphone wireless store, and a barbershop before then. High visibility to +30K cars at the signalized corner. Main retail location nearby Cardenas Market, Walgreens, 7Eleven, and nearby Stater Brothers, TJ Maxx.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,793,105 | |
| Land Assessment | $156,679 | Total Assessment | $1,949,784 |
PROPERTY TAXES
-
Patrick Ylagan -
Ken McLeod -
Alex Vasquez -
Kidder Mathews
Presented by
JUST REDUCED: Sierra Way Plaza | 3970-3996 N Sierra Way
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