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3144-3166 N. E Street & 525-541 Marshall Boulevard
San Bernardino, CA 92405

Price: $2,800,000 Zoning: CG-1, San Bernardino
Bldg SF: 31,520 SF Price/SF: $89
Land SF: 118,800 SF Occupancy: 17%
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688

Price: $2,800,000
Bldg SF: 31,520 SF
Land SF: 118,800 SF
Price/SF: $89
Occupancy: 17%
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688

Investment Highlights

VALUE-ADD MULTI-TENANT SHOPPING CENTER WITH STRONG UNDERLYING FUNDAMENTALS

 

  • Signalized Corner Location
  • 73 acres of land
  • Excellent access from three streets
  • Exceptional frontage and visibility along three streets
  • 143 parking spaces; 4.54 parking spaces per 1,000 SF
  • Small in-line unit sizes average 1,126 square feet
  • Dark 22,000 square foot box formerly home to a supermarket

 

UNIQUE VALUE-ADD OR OWNER USER OPPORTUNITY

 

  • The property is currently 83% vacant, creating significant rental upside through stabilization
  • The vacant spaces vary in size from 600 square feet to 22,000 square feet, allowing an owner-user the opportunity to occupy a wide range of units and square footages
  • Small in-line units are easily leasable with minimal tenant improvement costs
  • Excellent parking improves the potential tenant mix

 

SAN BERNARDINO LOCATION WITH PROXIMATE RETAIL AMENITIES

 

  • The property is located proximate to Stater Bros. Markets, AutoZone Auto Parts, Walgreens, and T.J. Maxx
  • The property is also located proximate to a number of restaurants including Starbucks, McDonalds, Jack in the Box

 

DENSE DEMOGRAPHICS WITHIN SEVERAL MILES OF THE PROPERTY

 

  • 18,200 people are located within one mile of the property, 158,700 within three miles, and 301,600 within five miles
  • There are over 5,700 households located within one mile of the property, 45,200 within three miles of the property, and 82,827 within five miles of the property
  • Average household income within one mile of the property is over $61,500, $55,600 within three miles, and $58,000 within five miles