Commercial Sale For Sale

$26,995,000

5391 Moreno Street, Montclair, California 91763

9.56 Acre
QR Code
About This Property
SUBMIT ALL OFFERS!! rnrn**ASSUMABLE NON RECOURSE LOAN AT 5.12% INTEREST ONLY (ABOUT 2% BELOW MARKET) FIXED UNTIL 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!!** rnrnPROPERTY CAN BE PURCHASED UNDER $200 SQ FT — WHICH IS WAY BELOW REPLACEMENT COST!!rnrnWe 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!rnrnOnce 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!rnrnAll information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.rnrnNO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING LISTING OFFICE FIRST TO DISCUSS FURTHER.
Snapshot
Price : $26,995,000
Acreage : 9.56 Acre
Year Built : 1993
Residential : For Sale
Listing ID : OC22245652
Status : Active
Address :

5391

Moreno

Street

City : Montclair
County : San Bernardino
State : California
Zipcode : 91763
Street : Moreno
Street Number : 5391
Street Suffix : Street
PropertySubType : Retail
Building
Stories : 1
Year Built : 1993
MLS
LA Last Name : Khorsandi
ListAgentStateLicense : 01085411
Special Listing Conditions : Standard
High School : Other
LA First Name : Ruben
Courtesy of : Alliance Investment RE Group
Parcel Number : 1008201220000
Land
Lot Features : 6-10 units/acre
Listing
Days On Market : 302
Money
Price Per Square Foot : 198.52
Structures
Spa Construction : None
ParkingTotal : 0
Systems
Sewer : Shared septic
Water Source : Public
What is Nearby?
'Bearer' does not match '^(?i)Bearer [A-Za-z0-9\\-\\_]{128}$'
For Sale
    WordPress › Error

    There has been a critical error on this website.

    Learn more about troubleshooting WordPress.