Colton, CA 92324,895 W Valley BLVD
$1,305,000
$1,375,000
5.1%
Est.Price: ?

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11,371 SqFt

895 W Valley BLVD Colton, CA 92324

Est. payment /mo
SOLD DATE : 03/05/2019

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Key Details

Sold Price $1,305,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 11,371 sqft

Price per Sqft $114

MLS Listing ID IV18235776

Sold Date 03/05/19

HOA Y/N No

Year Built 1989

Lot Size 0.530 Acres

Acres 0.5301

Property Sub-Type Office

Property Description

MGR Real Estate Inc., is pleased to present for sale 895-897 West Valley Blvd. Colton CA, 92324. This 100% Leased Medical Office's were built in 1989. The two-story office project is comprised of 11,371 square-feet gross building area; situated on over 23,090 square-feet of land, with street frontage to Valley Blvd and highly visible from the 10 freeway. Property is less than a mile (0.8) from Arrowhead Regional Medical Center & walking distance from DaVita Dialysis. In addition, property has upside potential margin for increase in rents with average in-place income of $0.85/PSF (MG), which is approximately 18%-23% below the market rate of $1.04/$1.10 PSF (MG). This presents an excellent and unique opportunity for any investor to reposition the asset through lease negotiations and tenant improvements. The building has recently undergone multiple upgrades such as new exterior paint & windows on the first floor (895 building). Also, doors have upgraded door handles, new commercial flooring throughout common areas/restrooms and fire department compliant sprinkler system. There is excellent parking ratio, with off street parking located around the building. Two entrances with full weekend access. Additionally, the property is positioned within a medium dense area with great street exposure and has easy access to freeways 10 and 215.

Location

State CA

County San Bernardino

Area 273 - Colton

Interior

Heating Central

Cooling Central Air

Laundry None

Building

Lot Description 0-1 Unit/Acre, Sprinkler System

Story 2

Water Public

Others

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 2.0

SIGN ON PROPERTY 1

TERMS Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Daniel

SHOW CONTACT PH 909.581.6603

SHOW INSTRUCTIONS Call listing agent

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CRMLS Plus
Listed by M G R REAL ESTATE
Bought with SAVE-ON REALTY SERVICES
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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