Shopping Strip
Shoe Palace - San Bernardino
895 S E St, San Bernardino, CA 92408
Listing Price: $2,936,000
Investment Overview
Marcus & Millichap is offering, to qualified investors, the opportunity to purchase fee simple interest in a 17,307 square foot two-building retail site building with a value-add component. The buildings are located in the heart of Southern California, in a densely populated area, right across the street from the Inland Center Mall and many surrounding major retailers.
Investment Highlights
- LOW $ Per Square Foot – BELOW REPLACEMENT COST: The Modern Façade, 17,307- Square Foot Buildings are Being Offered at Well-Below Replacement Cost ($170 Per Square Foot)
- EXCEPTIONAL RENT AND CASH FLOW GROWTH: Increases Built into the Leases (Two Percent and Four Percent Annual Increases) Provide the Landlord With Exceptional Growth in Cash Flow Over the Hold Period
- GREAT VISIBILITY AND TRAFFIC COUNTS: Over 118 Feet of Frontage on E Street Boulevard (+27,000 Cars Per Day), the Primary Building Benefits From Visibility and Synergy Provided by Surrounding Retailers
- LOCATED IN OPPORTUNITY ZONE - TAX INCENTIVE GROWTH: The Building is Located Within a Federally Approved Designated Opportunity Zone. Investments Made by Individuals Through Special Funds in Opportunity Zones Allow Individuals to Defer or Eliminate Federal Taxes on Capital Gains
- RESIDENTIAL & COMMERCIAL PROXIMITY: Located Right Cross the Street From the Inland Center, a Mall in the Heart of San Bernardino that Draws in Over 550,000 Visitors Annually and is the Area's Premier Destination for Shopping and Dining
- GREAT VISIBILITY AND TRAFFIC COUNTS: Boasting Over 118 Feet of Frontage on E Street Boulevard (+27,000 Cars Per Day), the Primary Building Benefits From Visibility and the Synergy Provided by the Surrounding Retailers
- VALUE-ADD: This Offering Gives An Investor The Opportunity To Increase Cash Flow By Converting Elliott's Pet Emporium's Gross Lease to a NNN Lease and Bringing its Below-Market Rents to Fair Market Value
- DENSE, SOUTHERN CALIFORNIA DEMOGRAPHICS: Over 124,000 People Within a Three-Mile Radius and Average Household Income Exceeding $64,000. Over 339,000 People Within a Five-Mile Radius and Average Household Income Exceeding $74,000.
Exclusively Listed By
Listing Price: $2,936,000
Investment Highlights
- LOW $ Per Square Foot – BELOW REPLACEMENT COST: The Modern Façade, 17,307- Square Foot Buildings are Being Offered at Well-Below Replacement Cost ($170 Per Square Foot)
- EXCEPTIONAL RENT AND CASH FLOW GROWTH: Increases Built into the Leases (Two Percent and Four Percent Annual Increases) Provide the Landlord With Exceptional Growth in Cash Flow Over the Hold Period
- GREAT VISIBILITY AND TRAFFIC COUNTS: Over 118 Feet of Frontage on E Street Boulevard (+27,000 Cars Per Day), the Primary Building Benefits From Visibility and Synergy Provided by Surrounding Retailers
- LOCATED IN OPPORTUNITY ZONE - TAX INCENTIVE GROWTH: The Building is Located Within a Federally Approved Designated Opportunity Zone. Investments Made by Individuals Through Special Funds in Opportunity Zones Allow Individuals to Defer or Eliminate Federal Taxes on Capital Gains
- RESIDENTIAL & COMMERCIAL PROXIMITY: Located Right Cross the Street From the Inland Center, a Mall in the Heart of San Bernardino that Draws in Over 550,000 Visitors Annually and is the Area's Premier Destination for Shopping and Dining
- GREAT VISIBILITY AND TRAFFIC COUNTS: Boasting Over 118 Feet of Frontage on E Street Boulevard (+27,000 Cars Per Day), the Primary Building Benefits From Visibility and the Synergy Provided by the Surrounding Retailers
- VALUE-ADD: This Offering Gives An Investor The Opportunity To Increase Cash Flow By Converting Elliott's Pet Emporium's Gross Lease to a NNN Lease and Bringing its Below-Market Rents to Fair Market Value
- DENSE, SOUTHERN CALIFORNIA DEMOGRAPHICS: Over 124,000 People Within a Three-Mile Radius and Average Household Income Exceeding $64,000. Over 339,000 People Within a Five-Mile Radius and Average Household Income Exceeding $74,000.
Investment Overview
Marcus & Millichap is offering, to qualified investors, the opportunity to purchase fee simple interest in a 17,307 square foot two-building retail site building with a value-add component. The buildings are located in the heart of Southern California, in a densely populated area, right across the street from the Inland Center Mall and many surrounding major retailers.