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300 S Highland Springs Ave
Banning, CA 92220

$9,100,000 USD

Storefront For Sale  •  97,380 SF

Property Details

  • Property Type Storefront
  • Total Building Size 97,380 SF
  • Lot Size 7.79 AC
  • Building Class B
  • Year Built 2016
  • Cap Rate 6.84 %
  • Tenancy Multiple
  • Zoning C1
0 Transit Score
58 Walk Score

Highlights

Below Market Rents: Blended Average Rents of $.080/SF - Current Market Rents at $1.25/SF
Premium Location: Highly Trafficked, signalized corner of S. Highlight Springs Ave (23,300 VPD) & I-10 FWY (275K+ VPD)
Explosive Trade Area Growth: 7,000 New Homes recently built and over 5,000 more planned or under construction by national home builders
97,380 Square-feet of Institutional quality retail building with 3 investment grade tenants
3 National Tenants: Marshalls, Hobby Lobby, & Big 5 Sporting Goods
Value-Add Opportunity: 20,020 square-feet of leasable area available at market rents of $1.25/SF

Property Flyers

Cap Rate: 6.84 %

Amenities

  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
Palm Springs International 36 min - 30.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 300
Type: Surface
Included in Rent: Yes
Paul Bitonti 949-419-3246 Marcus & Millichap
Paul Bitonti 949-419-3246 Marcus & Millichap