148 E Baseline St
7,000 SF 100% Leased Retail Building San Bernardino, CA 92410 $2,140,890 CAD ($305.84 CAD/SF) 5.60% Cap Rate
EXECUTIVE SUMMARY
Owner use or Investment Opportunity located in city of San Bernardino
Commercial zoning. It was a truck repair shop long time ago.
Property has two units (“A” and “B”).
Total property size is 7,000SF and lots 24,800SF.
Unit “A” is 3,000 SF and will be vacant by the end of April 2025. It is currently occupied by an Auto dealer, and the rent is $3,271.50 plus the CAM charge of $630.
Unit “B” is 4,000SF for Tire shop with the rent $3,741.50 plus CAM charge $840 that was recently signed the new lease agreement for 5 years with two 5 years option. Annually fixed 4% increase.
Tenant is responsible for all utilities bills and all maintenance of lease potion of building.
Owner pays $13,280 for the property tax 2024.
Commercial zoning. It was a truck repair shop long time ago.
Property has two units (“A” and “B”).
Total property size is 7,000SF and lots 24,800SF.
Unit “A” is 3,000 SF and will be vacant by the end of April 2025. It is currently occupied by an Auto dealer, and the rent is $3,271.50 plus the CAM charge of $630.
Unit “B” is 4,000SF for Tire shop with the rent $3,741.50 plus CAM charge $840 that was recently signed the new lease agreement for 5 years with two 5 years option. Annually fixed 4% increase.
Tenant is responsible for all utilities bills and all maintenance of lease potion of building.
Owner pays $13,280 for the property tax 2024.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
7,000 SF
Building Class
C
Year Built
1945
Price
$2,140,890 CAD
Price Per SF
$305.84 CAD
Cap Rate
5.60%
NOI
$119,890 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
Retail Auto Dealer - The Existing Retail are a Tire Shop (4,000SF) and Auto Dealer Space (3,000SF)
Parking
20 Spaces (80 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Fenced Lot
- Property Manager on Site
- Signage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0146-231-29 | Improvements Assessment | $1,118,500 CAD |
| Land Assessment | $399,588 CAD | Total Assessment | $1,518,087 CAD |
