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165 W Hospitality Ln
San Bernardino, CA 92408

$7,450,000 USD

Flex For Sale  •  44,291 SF

Property Details

  • Property Type Flex
  • Total Building Size 44,291 SF
  • Lot Size 2.91 AC
  • Building Class B
  • Year Built 1980
  • Tenancy Multiple
  • Zoning RC
34 Transit Score
36 Walk Score

Highlights

Priced Far Below Replacement Cost at $168/SF
Highly attractive debt available at a 5.1% rate for a 5-year loan (50% LTV & 1 to 5 years interest only)
An estimated $345,000 in capital improvements over the last 5 years including a new roof, multiple new HVAC units, landscaping improvements, and more.
Located in the Tri-City Commercial Hub, a region with 180,000 SF of flex space and a record low vacancy rate of 1.60% among the flex product type.
Highly adaptable flex space equipped to accommodate a diverse mix of tenant types: restaurant, healthcare, education, government, office, fitness, etc
The property consists of 32 units and offers an income stream from 24 diverse tenants, providing a hedge against significant vacancy risk.

Public Transportation

Commuter RailDriveWalkDistance
San Bernardino - Tippecanoe Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains) 5 min - 2.1 mi
San Bernardino - Downtown Metrolink Station (Metrolink Inland Empire-Orange County Line - Metrolink Trains, Metrolink San Bernardino Line - Metrolink Trains) 7 min - 3.2 mi
AirportDriveWalkDistance
Ontario International 25 min - 18.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Greg Bedell, CCIM 909-230-4500 Progressive Real Estate Partners
Greg Bedell, CCIM 909-230-4500 Progressive Real Estate Partners