Renovated Office in Sought-After Location | 670 N Arrowhead Ave
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Renovated Office in Sought-After Location 670 N Arrowhead Ave
6,211 SF Vacant Office Building Online Auction Sale San Bernardino, CA 92401
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Investment Highlights
- Take advantage of the opportunity to acquire 670 N Arrowhead Avenue, a meticulously maintained two-building office in the heart of San Bernardino.
- 670 N Arrowhead Avenue presents investors or owner/users with the ultimate value-add proposition through full lease-up or occupancy.
- 670 N Arrowhead Avenue is established in the Inland Empire Market, a strong commercial market showcasing positive trends across the office sector.
- Situated just minutes to the 215, 10, and 210 Freeways, the property offers exceptional commuter access for future businesses.
- With potential for single- or multi-tenant use, new ownership will have diverse revenue options to help stabilize and secure a long-term investment.
- San Bernardino is a leading location for new and growing businesses, ranking in the top 100 best places in the nation for businesses and careers.
Executive Summary
670 N Arrowhead Avenue is an exemplary value-add opportunity for an owner/user desiring premier office space to grow their business or an investor looking to diversify their real estate portfolio.
Located in San Bernardino, California, this recently modernized office asset spans 6,211 square feet across two buildings on a private, gated lot with 25 parking spaces. With extensive interior and exterior renovations, 670 N Arrowhead Avenue is the perfect professional backdrop for businesses across a variety of industries. The property’s alluring exterior façade features a modern black-and-white design, complete with large floor-to-ceiling window lines. Brand-new paint, flooring, and restrooms round out the interior renovations, providing a clean slate for new businesses to set up shop. Highly adaptable floor plans offering ample private offices and open workspace allow for single- or multi-tenant capabilities.
San Bernardino is a prime location for commercial investment, bolstered by strong market fundamentals and rapidly growing demand in suburban cities. Bordered by the area’s largest highways, the 215, 10, and 210 Freeways, the location offers easy regional access and convenience to the area’s top urban amenities. San Bernardino sits within the Inland Empire commercial market. Significantly outpacing other major markets across California and the country, the Inland Empire has become increasingly popular among residents, businesses, and corporations. The Inland Empire ranks as the 11th most populated market in the nation, with 4.7 million residents, and San Bernardino is the second-largest city within the region, boasting over 200,000 residents. The office sector in the Inland Empire has ramped up in recent years, exhibiting record-breaking occupancy levels and sustainable market rents. With minimal new inventory hitting the market over the past few years due to the high cost of construction, businesses and investors continue to show interest in well-maintained assets in these popular inland communities.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Located in San Bernardino, California, this recently modernized office asset spans 6,211 square feet across two buildings on a private, gated lot with 25 parking spaces. With extensive interior and exterior renovations, 670 N Arrowhead Avenue is the perfect professional backdrop for businesses across a variety of industries. The property’s alluring exterior façade features a modern black-and-white design, complete with large floor-to-ceiling window lines. Brand-new paint, flooring, and restrooms round out the interior renovations, providing a clean slate for new businesses to set up shop. Highly adaptable floor plans offering ample private offices and open workspace allow for single- or multi-tenant capabilities.
San Bernardino is a prime location for commercial investment, bolstered by strong market fundamentals and rapidly growing demand in suburban cities. Bordered by the area’s largest highways, the 215, 10, and 210 Freeways, the location offers easy regional access and convenience to the area’s top urban amenities. San Bernardino sits within the Inland Empire commercial market. Significantly outpacing other major markets across California and the country, the Inland Empire has become increasingly popular among residents, businesses, and corporations. The Inland Empire ranks as the 11th most populated market in the nation, with 4.7 million residents, and San Bernardino is the second-largest city within the region, boasting over 200,000 residents. The office sector in the Inland Empire has ramped up in recent years, exhibiting record-breaking occupancy levels and sustainable market rents. With minimal new inventory hitting the market over the past few years due to the high cost of construction, businesses and investors continue to show interest in well-maintained assets in these popular inland communities.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Inland Empire - CA USA
Market Cap Rate
Inland Empire - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Building Size
6,211 SF
Building Class
C
Year Built
1954
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,105 SF
Slab To Slab
10’
Building FAR
0.41
Land Acres
0.35 AC
Opportunity Zone
Yes
Zoning
CR2 - Commercial Regional-2 Zoning, City of San Bernardino
Parking
23 Spaces (3.7 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Fenced Lot
- Air Conditioning
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About San Bernardino
San Bernardino has become a significant logistics hub while maintaining its prominence as a key city for professional service providers and medical professionals serving the Inland Empire. Beyond housing government entities as the county seat, San Bernardino is attractive to businesses across a wide variety of industries due to its economic prowess, business-friendly environment, affordability, and location.
San Bernardino is easily accessible from cities across Southern California. The Cajon Pass connects Southern California to the high desert area, while the San Geronimo Pass on Interstate 10 leads to Phoenix and extends across the entire Southern United States. Business costs and tax regulations are advantageous compared to Southern California cities closer to the coast, which remain reachable by a short car drive or train ride.
Nestled at the foot of the San Bernardino Mountains, Cal State San Bernardino anchors the city's north end. In the central historic downtown area, the Seccombe Lake Recreation area offers open space and opportunities for outdoor recreation. The San Bernardino Transit Center downtown provides access to local buses, Metrolink, and the newer Arrow commuter rail route which runs east to the University of Redlands. At the nexus of interstates 10 and 215 at the city's south end, the riverfront area has attracted the majority of recent office building developments and offers numerous restaurant options.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
19,872
148,299
375,044
2020 Population
19,810
149,818
373,605
2029 Population
20,197
150,345
381,224
2024-2029 Projected Population Growth
1.6%
1.4%
1.7%
Daytime Employees
16,517
63,473
136,792
Total Businesses
1,737
6,323
15,892
Average Household Income
$45,953
$61,653
$73,054
Median Household Income
$34,730
$49,939
$58,778
Total Consumer Spending
$133.8M
$1.2B
$3.3B
Median Age
31.3
31.4
32.3
2024 Households
6,023
40,696
107,223
Percent College Degree or Above
4%
5%
8%
Average Home Value
$299,398
$323,922
$367,397
$ values in USD
zoning
| Zoning Code | CR2 (Commercial Regional-2 Zoning, City of San Bernardino) |
| CR2 (Commercial Regional-2 Zoning, City of San Bernardino) |
PROPERTY TAXES
| Parcel Number | 0135-021-14 | Improvements Assessment | $546,156 CAD |
| Land Assessment | $228,795 CAD | Total Assessment | $774,951 CAD |
PROPERTY TAXES
Parcel Number
0135-021-14
Land Assessment
$228,795 CAD
Improvements Assessment
$546,156 CAD
Total Assessment
$774,951 CAD
Sale Advisors
Sale Advisors
Cody Moran, Vice President
(951) 276-3624
Contact
Cody Moran is a market expert in Industrial and Commercial properties across the Inland Southern California Region, serving clients in Riverside and San Bernardino Counties. Cody first joined Lee & Associates in 2010. Cody has a vast range of experience in real estate, leasing, transaction management and financial services. Cody specializes in Landlord and Buyer/Tenant representation throughout Southern California. He has a wealth of knowledge in industrial/manufacturing and logistics properties, land, contractor’s yard properties, as well as owner-user commercial building sales and value-add sites.
Cody is an advocate for his clients, always seeking the highest outcomes possible in any real estate transaction. Cody’s client-centric approach and business model makes him a great partner to Landlords, Tenants, Sellers, Buyers, Investors, and Regional Companies managing real estate across various markets.
Cody was the top performing Associate companywide in 2020 and was appointed Shareholder in 2021.
Cody is an advocate for his clients, always seeking the highest outcomes possible in any real estate transaction. Cody’s client-centric approach and business model makes him a great partner to Landlords, Tenants, Sellers, Buyers, Investors, and Regional Companies managing real estate across various markets.
Cody was the top performing Associate companywide in 2020 and was appointed Shareholder in 2021.
Les Copelin, Senior Vice President
(951) 276-3629
Contact
Les Copelin specializes in office properties throughout the Inland Empire, primarily focusing on the East end of the Inland Empire consisting of the are of San Bernardino, Redlands, Colton, and Grand Terrace. Les specializes in working with business owners, tenants, and buyers for the purpose of leasing, selling, or purchasing office buildings or space in the Inland Empire and greater Southern California marketplace. As an office market expert, Les also serves tenants, investors, and developers with a primary focus on building long term relationships with clients while becoming an "in-house" real estate expert for clients.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Amen Almukhtar
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
-
Cody Moran -
Les Copelin -
Lee & Associates
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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