Cope Building | Redlands, CA 19 E Citrus Ave 21,151 SF 100% Leased Retail Building Redlands, CA 92373 $7,170,222 CAD ($339.00 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Retail Investment Opportunity in the Heart of Downtown Redlands; 21,151 Square-Feet; Historic Cope Building (Retail and Office)
- Located in the Heart of Historic Downtown Redlands; a Destination Shopping Location Filled with Boutique Shops & Gourmet Restaurants
- 1-Mile from the University of Redlands, a Private Liberal Arts University (3,400+ Students)
- Stable Existing Tenancy: 53% of the occupied square footage has been operating at the property for 8+ years
- Incredible Location on Walk-Friendly Citrus Avenue That Backs Up to Orange Street Alley (“Umbrella Alley”), a Popular Year-Round Attraction
- Dense, Affluent, Demographics: Over 144,000 ppl with average household incomes in excess of $115,000 within a 5-mile radius of the subject property
EXECUTIVE SUMMARY
Irreplaceable Historic Southern California Opportunity | Internet-Resistant Tenant Mix | Dynamic Downtown Redlands Location
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,151 SF
Building Class
B
Year Built/Renovated
1903/1988
Price
$7,170,222 CAD
Price Per SF
$339.00 CAD
Cap Rate
7.50%
NOI
$537,765 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.21
Lot Size
0.22 AC
Zoning
C3, Redlands - General Commercial - Retail, Office, Mixed Use, Restuarant.
Parking
15 Spaces (0.71 Spaces per 1,000 SF Leased)
Frontage
84’ on Citrus
AMENITIES
- 24 Hour Access
- Air Conditioning
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0171-121-03 | Improvements Assessment | $3,919,497 CAD |
| Land Assessment | $536,373 CAD | Total Assessment | $4,455,870 CAD |
CONTACTS
-
Bill
Asher
-
Jeff
Lefko
-
Geoffrey
DeWolf
-
Steve
Economos
