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780 Inland Center Dr
San Bernardino, CA 92408

Inland Center Opportunity Zone · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
33,708 SF
Building Class
C
Year Built
1994
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
1.38 AC
Zoning
CG-1
Parking
78 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
30 FT on H Street

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Air Conditioning

About 780 Inland Center Dr , San Bernardino, CA 92408

Marcus & Millichap is pleased to present Inland Center in San Bernardino, California. Inland Center consists of a 33,708 square feet of in-line industrial/retail property sitting on a 1.3-acre parcel. The property sits at the on-ramp to the Interstate 215 freeway directly across from the Inland Center Mall The Inland Center Mall is a one million square foot institutional-quality property anchored by Macy’s, Sears, Forever 21 and JC Penney with over 100 stores. The property currently has a 10,926 vacant end space that upon leasing would generate a 7.8% yield with a conservative rental rate of .60 cents per square foot. The real estate is being offered below replacement costs at $74.14, with the potential to yield major rental upside with the right investor who can create value. Additionally, being located inside the opportunity zone there are significant tax advantages that other value-add properties do not offer. San Bernardino City serves as the county seat of San Bernardino County, California. San Bernardino has been experiencing tremendous economic growth as demonstrated by local data showing low unemployment, positive wage growth and evidence of a healthy housing market. San Bernardino County's assets include an innovation corridor of close to two dozen colleges and universities supporting a strong, diverse workforce along with an unparalleled collection of roadways, runways, and railways that lead to regional, national and international business centers.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0141-184-23
Land Assessment
$482,491
Improvements Assessment
$1,661,914
Total Assessment
$2,144,405
  • Listing ID: 15026422

  • Date on Market: 1/30/2019

  • Last Updated:

  • Address: 780 Inland Center Dr, San Bernardino, CA 92408

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