27190 3rd Street

27190 E 3rd st Highland, CA 92346

27190 E 3rd st , Highland, CA, 92346
27190 E 3rd St Highland CA - Front
27190 E 3rd st , Highland, CA, 92346 27190 E 3rd st , Highland, CA, 92346 27190 E 3rd st , Highland, CA, 92346 27190 E 3rd st , Highland, CA, 92346 27190 E 3rd st , Highland, CA, 92346 27190 E 3rd st , Highland, CA, 92346
FOR SALE
Property Type:
Industrial
Amount:
$4,100,000
Last Verified:
Dec 19, 2024

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Description

Prime Light Industrial Complex with Development Potential

Address: 27190 - 27212 E 3rd St, Highland, CA

Property Overview:
This exceptional commercial property offers an enticing opportunity for investors and business owners alike. Situated on approximately 1.66 acres of land, this versatile light industrial complex is divided into two single-story buildings, each featuring 6 suites. The total rentable square footage for both buildings is 14,280 square feet, with each suite thoughtfully configured to offer approximately 30% office space and 70% warehouse space.

Key Features:

Value Add Opportunity: Currently, the property is priced below market rents, making it an attractive value-add opportunity for savvy investors. Bring this thriving business center up to its full income potential.

Development Potential: The property boasts a LARGE vacant lot (36,808sf included in the 1.66 acres) to the rear, offering a substantial development or redevelopment opportunity. Unlock the potential of this prime piece of real estate to meet your specific needs.

Convenient Location: With frontage on 3rd Street and access from 5th Street, this property enjoys excellent visibility and accessibility. It is strategically located in close proximity to the San Bernardino International Airport, enhancing its appeal for logistics and transportation businesses.

Ample Parking: On-site parking ensures convenience for tenants and their clients, while ground-level roll-up doors in each suite facilitate easy loading and unloading of goods.

Don't Miss Out: Seize this rare opportunity to acquire a multi-tenant light industrial property with tremendous potential for value appreciation and development. Whether you're looking to secure steady rental income or capitalize on the vacant land, this property offers a wealth of possibilities.

Property Overview:
This exceptional commercial property offers an enticing opportunity for investors and business owners alike. Situated on approximately 1.66 acres of land, this versatile light industrial complex is divided into two single-story buildings, each featuring 6 suites. The property boasts a LARGE vacant lot (36,808sf included in the 1.66 acres) to the rear, offering a substantial development or redevelopment opportunity. The total rentable square footage for both buildings is 14,280 square feet, with each suite thoughtfully configured to offer approximately 30% office space and 70% warehouse space.


Year Built: 1978
Building Size: 14280sq ft
Building Class: C
Lot Size: 1.66 acres


Documents

Offering Memorandum

Map of 27190 E 3rd st , Highland, CA, 92346

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.