5391 Moreno Street
Montclair, California CA91763-1630

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

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© 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.

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Listed by: Ruben Khorsandi, DRE #01085411 from Alliance Investment RE Group
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