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Shopping Strip

3144-3166 N E St & 525-541 W Marshall Blvd

525 W Marshall Blvd, San Bernardino, CA 92405

Listing Price: $2,800,000

Cap Rate
0.09%
Gross SF
31,520
Rentable SF
31,520
Price/Gross SF
$88.83
Lot Size
2.73 acres
Year Built
1965

Investment Overview

3144-3166 N. E Street & 525-541 West Marshall Boulevard offers a unique opportunity to acquire a signalized corner value-add 31,520 square foot shopping center situated on 2.73 acres of land priced significantly below replacement costs in San Bernardino, CA. Marcus & Millichap has been selected to exclusively represent for sale 3144-3166 N. E Street & 525-541 W. Marshall Boulevard, a 31,520 square foot multi-tenant strip center situated on 118,800 square feet of land on the NW signalized corner of North E Street and Marshall Boulevard in San Bernardino, CA. 3144-3166 N. E Street & 525-541 W. Marshall Boulevard is a value-add shopping center this is currently 83% vacant. The center runs from North E Street to Acacia Avenue, and benefits from excellent frontage, visibility, and access from its three surrounding streets. The property features 143 surface parking spaces, a parking ratio of 4.54 per 1,000. The center is currently 17% occupied, creating an excellent value-add opportunity for an investor to stabilize the property an increase cashflow dramatically or creates a unique opportunity for an owner-user to occupy a portion of the property and take advantage of historically los SBA interest rates. Of its current 17% occupancy, current tenants include a donut shop, speedy wash, liquor store, and storage. Marshall’s Donuts is a highly rated local favorite, which serves everything from Donuts to ice cream and boba. 3144-3166 N. E Street & 525-541 W. Marshall Boulevard is located proximate to several retail amenities such as Starbucks, McDonald’s, T.J. Maxx, Stater Bros. Markets, AutoZone Parts, and Walgreens. The in-line units are ideal in size, averaging 1,126 square feet. These units are easily leasable with minimal tenant improvement costs required. There is a dark 22,000 square foot box that was formerly occupied by a supermarket. The center is situated in a dense location within San Bernardino county, with over 300,000 people located within five miles of the property. San Bernardino is a historic county, and is the largest county in the United States, which spans 20,102 square miles.

Investment Highlights

  • Signalized Corner Location
  • 2.73 acres of land
  • Excellent access from three streets

Exclusively Listed By

Shopping Strip

3144-3166 N E St & 525-541 W Marshall Blvd

Listing Price: $2,800,000

Cap Rate
0.09%
Gross SF
31,520
Rentable SF
31,520
Price/Gross SF
$88.83
Lot Size
2.73 acres
Year Built
1965

Investment Highlights

  • Signalized Corner Location
  • 2.73 acres of land
  • Excellent access from three streets

Investment Overview

3144-3166 N. E Street & 525-541 West Marshall Boulevard offers a unique opportunity to acquire a signalized corner value-add 31,520 square foot shopping center situated on 2.73 acres of land priced significantly below replacement costs in San Bernardino, CA. Marcus & Millichap has been selected to exclusively represent for sale 3144-3166 N. E Street & 525-541 W. Marshall Boulevard, a 31,520 square foot multi-tenant strip center situated on 118,800 square feet of land on the NW signalized corner of North E Street and Marshall Boulevard in San Bernardino, CA. 3144-3166 N. E Street & 525-541 W. Marshall Boulevard is a value-add shopping center this is currently 83% vacant. The center runs from North E Street to Acacia Avenue, and benefits from excellent frontage, visibility, and access from its three surrounding streets. The property features 143 surface parking spaces, a parking ratio of 4.54 per 1,000. The center is currently 17% occupied, creating an excellent value-add opportunity for an investor to stabilize the property an increase cashflow dramatically or creates a unique opportunity for an owner-user to occupy a portion of the property and take advantage of historically los SBA interest rates. Of its current 17% occupancy, current tenants include a donut shop, speedy wash, liquor store, and storage. Marshall’s Donuts is a highly rated local favorite, which serves everything from Donuts to ice cream and boba. 3144-3166 N. E Street & 525-541 W. Marshall Boulevard is located proximate to several retail amenities such as Starbucks, McDonald’s, T.J. Maxx, Stater Bros. Markets, AutoZone Parts, and Walgreens. The in-line units are ideal in size, averaging 1,126 square feet. These units are easily leasable with minimal tenant improvement costs required. There is a dark 22,000 square foot box that was formerly occupied by a supermarket. The center is situated in a dense location within San Bernardino county, with over 300,000 people located within five miles of the property. San Bernardino is a historic county, and is the largest county in the United States, which spans 20,102 square miles.

Exclusively Listed By

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