155 E Hospitality Lane

    San Bernardino, CA 92408
    • $4,000,000 - $4,250,000
    • STATUS: Active
    • ON SITE: 251 days
    • ID#: CV19057181
    UPDATED: 33 min ago
    $4,000,000 - $4,250,000
    • 0
      BEDS
    • 1.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 35,940
      SQFT
    • $118
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    Description

    COMMERCE PLAZA is located at 155 W. Hospitality Lane in the city of San Bernardino. This two story office complex was constructed in 1980 and sits on 1.94 acres of land. The property consists of 35,940 rentable square feet of office space divided into 35 units. 21,600 square feet of space is currently occupied. COMMERCE PLAZA is located at the corner of the signalized intersection of Hospitality & Commercenter. The property is adjacent to Interstate 10 and several retail and commercial properties. The property is generating close to $30K in monthly revenue at only 60% occupancy. At full occupancy this facility will generate nearly $600K in annual revenue! The property has significant upside through occupancy and rental increases, to achieve over a 9% cap rate. COMMERCE PLAZA comes equipped with a Security Gate, Centralized Mail Room, Centralized Bathrooms, Security Cameras, 90 Parking Spaces, Exterior Lighting, and visibility and access on one of the busiest streets in the city of San Bernardino. COMMERCE PLAZA is a property with existing income and much potential providing the potential investor with a "Value Add" investment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-21T21:30:45.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/92695177

    155 E Hospitality Lane San Bernardino, CA 92408

    • Price: $4,000,000 - $4,250,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: CV19057181
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.94
    Acres
    35,940
    SQFT
    $118
    $/SQFT
    1980
    Built
    Neighborhood:
    274 - San Bernardino
    County:
    San Bernardino
    Area:
    274 - San Bernardino
    Property Description
    COMMERCE PLAZA is located at 155 W. Hospitality Lane in the city of San Bernardino. This two story office complex was constructed in 1980 and sits on 1.94 acres of land. The property consists of 35,940 rentable square feet of office space divided into 35 units. 21,600 square feet of space is currently occupied. COMMERCE PLAZA is located at the corner of the signalized intersection of Hospitality & Commercenter. The property is adjacent to Interstate 10 and several retail and commercial properties. The property is generating close to $30K in monthly revenue at only 60% occupancy. At full occupancy this facility will generate nearly $600K in annual revenue! The property has significant upside through occupancy and rental increases, to achieve over a 9% cap rate. COMMERCE PLAZA comes equipped with a Security Gate, Centralized Mail Room, Centralized Bathrooms, Security Cameras, 90 Parking Spaces, Exterior Lighting, and visibility and access on one of the busiest streets in the city of San Bernardino. COMMERCE PLAZA is a property with existing income and much potential providing the potential investor with a "Value Add" investment.
    Exterior Features

    Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None Office Square Footage 35940

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Office Building Area Units Square Feet Building Name Commerce Plaza Building Status Existing Business Type Medical Country Us Land Use Office Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 20 Occupancy Available Property Sub Type Office Special Listing Conditions Standard Utilities Phone AvailableSewer AvailableWater Available Water Source Public Zoning Office Building

    Listing provided courtesy of Brandon Robinson of Brandon Robinson, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-21T21:30:45.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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