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Victoria Plaza

27000 Base Line St, Highland, CA 92346

Listing Price: $825,000

Cap Rate
5.30%
Gross SF
5,365
Rentable SF
5,365
Price/Gross SF
$153.77
Lot Size
0.49 acres
Year Built
1990

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Victoria Commercial Plaza located in Highland, California. This investment provides an opportunity for an investor to acquire a value-added retail & commercial property with an ideal central location within the Inland Empire. A new purchaser will be acquiring this asset well below replacement costs. Victoria Commercial Plaza will give the new ownership the ability to re-position the property through rental increases, implementing expense reimbursement and effective management.The subject property offers a below-replacement offering price of $154/square foot and an actual existing capitalization rate of 5.3% with no expense reimbursement. Slightly increase the lease rates and collect only $0.20 square foot in expense reimbursements, the proforma capitalization rate increases to 7.4%. The subject property features excellent street frontage and a monument sign on Baseline Street. Victoria Commercial Plaza consists of a single building with approximately 5,365 rentable square feet with 4 retail/commercial suites and was built in 1990. The plaza is well-parked with approximately 28 space (5.00/1,000 SF) and occupies a single, 0.49 acre parcel. Zoning is C-1, Commercial. Located directly across the street from Victoria Commercial Plaza is the Highland Police Department headquarters and directly to the west of the property is the Highland Fire Department Station 541. Just down the street to the east is the Highland City Hall. Baseline Street is a main east/west thoroughfare in the City of Highland. Nestled against the beautiful San Bernardino Mountains at 1,300 feet, the City of Highland offers an ideal business and residential location in the Inland Empire of Southern California. With a community of over 55,000, Highland takes great pride in being one of the most desirable communities in which to live in the Inland Empire, with low crime, high safety, and an emphasis on community beautification.

Investment Highlights

  • Value-Added Investment through Management
  • Capitalization Rate: Actual 5.3%/ Proforma 7.4%
  • Cashflow: Actual 3.5%/Proforma 7.4%
  • $154/ Square Foot - Priced Significantly Below Replacement Costs
  • High Identity Street Frontage & Signage
  • Located Directly across from Highland Police Department & Adjacent Highland Fire Station 541

Exclusively Listed By

Listing Price: $825,000

Cap Rate
5.30%
Gross SF
5,365
Rentable SF
5,365
Price/Gross SF
$153.77
Lot Size
0.49 acres
Year Built
1990

Investment Highlights

  • Value-Added Investment through Management
  • Capitalization Rate: Actual 5.3%/ Proforma 7.4%
  • Cashflow: Actual 3.5%/Proforma 7.4%
  • $154/ Square Foot - Priced Significantly Below Replacement Costs
  • High Identity Street Frontage & Signage
  • Located Directly across from Highland Police Department & Adjacent Highland Fire Station 541

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Victoria Commercial Plaza located in Highland, California. This investment provides an opportunity for an investor to acquire a value-added retail & commercial property with an ideal central location within the Inland Empire. A new purchaser will be acquiring this asset well below replacement costs. Victoria Commercial Plaza will give the new ownership the ability to re-position the property through rental increases, implementing expense reimbursement and effective management.The subject property offers a below-replacement offering price of $154/square foot and an actual existing capitalization rate of 5.3% with no expense reimbursement. Slightly increase the lease rates and collect only $0.20 square foot in expense reimbursements, the proforma capitalization rate increases to 7.4%. The subject property features excellent street frontage and a monument sign on Baseline Street. Victoria Commercial Plaza consists of a single building with approximately 5,365 rentable square feet with 4 retail/commercial suites and was built in 1990. The plaza is well-parked with approximately 28 space (5.00/1,000 SF) and occupies a single, 0.49 acre parcel. Zoning is C-1, Commercial. Located directly across the street from Victoria Commercial Plaza is the Highland Police Department headquarters and directly to the west of the property is the Highland Fire Department Station 541. Just down the street to the east is the Highland City Hall. Baseline Street is a main east/west thoroughfare in the City of Highland. Nestled against the beautiful San Bernardino Mountains at 1,300 feet, the City of Highland offers an ideal business and residential location in the Inland Empire of Southern California. With a community of over 55,000, Highland takes great pride in being one of the most desirable communities in which to live in the Inland Empire, with low crime, high safety, and an emphasis on community beautification.

Exclusively Listed By

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