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Highland Center

1673-1709 E. Highland Ave

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San Bernardino, CA 92404

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Highland Center

1673-1709 E. Highland Ave

San Bernardino, CA 92404

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Contact Advisor

Square
Dan Newman Senior Advisor
SVN | Rich Investment Real Estate Partners
CalBRE #01304677

dan.newman@svn.com
(C) 818.917.9033
(O) 818.876.9619
(F) 310.979.0888

 


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Sale Overview

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For Sale
Price:
$2,595,000
Building Size:
23,423 SF
Property Type:
Retail
Year Built:
1958
Download Offering Memorandum
 


Highlights

  • Only $110/SF; Below replacement cost
  • Multi Tenant Retail Center
  • Long Term Tenants
  • Approximately $300,000 in TI' s and
  • Capital Improvement
  • New Reflective Roof (2013) with
  • 10 year warranty
  • New AC Units
  • National Anchor Tenants
  • New lights & Signage
  • Newly Painted Building
  • Vacant Units Vanilla Shelled with
  • Security Bars
  • 84% OCCUPIED*
  • Approximately 23,500 SF
  • 16 Camera Surveillance System
  • 100% Street Frontage
  • Upside in Rents
  • Current 7.22% CAP Rate
  • Growing Economy!
  • New Slurry Coated Parking Lot
  • On Highland- One of the busiest streets in San Bernardino
  • Daily traffic count- 23,456
  • Great visibility- surrounded by national & regional centers

Description

Highland Center is a 23,423 multi-tenant retail center located on Highland Ave in northeast San Bernardino, CA. Located in California's Inland Empire, San Bernardino is part of one of the fastest growing metropolitan areas in the county.

The property is centrally located on Highland Avenue, which serves as a major retail corridor through the city. With it's close proximity to the 210 Freeway, national retailers and residential community, Highland Center is ideally situated in an ever growing San Bernardino marketplace.