Property Description
Property TypeCommercial Sale
Property Sub TypeRetail
SqFt
135,987
Year Built1993
CountySan Bernardino
Price/SqFt$227.93
StatusActive
**ASSUMABLE LOAN AT 5.12% INTEREST ONLY (ABOUT 2% BELOW MARKET) FIXED UNTIL 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!!**
We are pleased to present for sale, the Montclair East Shopping Center; a 100% leased professionally managed Southern California shopping plaza with 85%+ of its square footage leased to national credit brand tenants (i.e., Ross, DD’s, Dollar Tree, Best Buy, Five Below, and Hibbett Sports just to name a few) that are all paying rent. Most of these national credit tenants have long term historical occupancy. This center is located at 5391-5467 Moreno St. Montclair, CA 91763. This 9.56 acre property is made up of a healthy tenant mix that is well positioned for the local demographics. This center has great Freeway frontage & visibility right off the 10 Freeway and is located right next to Montclair Place, a recently modernized & updated indoor mall. Montclair East Shopping Center features freeway visible monument signage, ample parking, high foot traffic and excellent ingress/egress access with freeway on ramps & off ramps at Central Ave. This center can be easily accessed from both Los Angeles and the Inland Empire. This thriving center has significant rental upside and not to mention can be purchased way below replacement cost. This is the perfect investment opportunity for an investor as a 1031 exchange upleg property or to purchase with fresh money and add to your portfolio as a safe, secure, and highly stabilized high foot traffic investment with low management, risk, and headaches!
Once again, one of the best attributes about this investment is that a buyer has an opportunity to purchase this property by assuming the current loan with an interest rate that’s almost 2% below market with an interest only rate of 5.12% that's fixed until mid-2028 for great cash flow starting from day one!
All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.
NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING LISTING OFFICE FIRST TO DISCUSS FURTHER.
Listing IDOC22245652
Price$30,995,000
Primary Features
County
San Bernardino
Price/SqFt
227.93
Property Sub Type
Retail
Property Type
Commercial Sale
Year Built
1993
Interior
Building Area Units
Square Feet
Condo Area Units
Square Feet
Laundry Features
None
Stories Total
1
External
Lot Size Source
Assessor
Minimum Total Area Units
Square Feet
Water Source
Public
Location
Country
US
MLS Area Major
685 - Montclair
Additional
Additional Parcels
yes
Asset Class
Retail
Building Status
Existing
Days On Market
1
Land Use
Retail
List Agent State License
01085411
List Office State License
01906154
Max Total Area Units
Square Feet
Parcel Number
1008201220000
Year Built Source
Assessor
Financial
Current Financing
Assumable
Investment Property
yes
Special Listing Conditions
Standard
Zoning Info
Home Valuation
Request More Information - Listing ID OC22245652
© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Laguna Gallery Real Estate or one of their associates. Last updated Saturday, February 4th, 2023.
Based on information from CARETS as of Saturday, February 4th, 2023 04:02:13 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Saturday, February 4th, 2023 04:02:13 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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