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Downtown San Bernardino Plaza 415 W 5th St

5,246 SF 100% Leased Retail Building San Bernardino, CA 92401 £1,294,276 (£247/SF) 4.56% Net Initial Yield

Investment Highlights

  • A 5 units strip center located at a signalized corner of 5 Street & D Street. Heavy traffic on 5th street with freeway entrance and exit 1/4 mile
  • Also lots of foot traffics during lunch hours from all the government offices in the close proximity of the property.

Executive Summary

The strip center is centrally located in downtown civic area surrounded by many government buildings, City Hall is just 3 blocks south of the property. State Building is just behind the center. All tenants are triple net leases with below market rate which potential buyer can adjust to current market rates,

Attachments

Downtown San Bernardino Plaza
Site Plan
Rent Rolls

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £80,238 £15.30
Other Income - -
Vacancy Loss - -
Effective Gross Income £80,238 £15.30
Taxes £7,834 £1.49
Operating Expenses £13,344 £2.54
Total Expenses £21,178 £4.04
Net Operating Income £59,060 £11.26

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £80,238
Annual Per SF £15.30
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £80,238
Annual Per SF £15.30
Taxes
Annual £7,834
Annual Per SF £1.49
Operating Expenses
Annual £13,344
Annual Per SF £2.54
Total Expenses
Annual £21,178
Annual Per SF £4.04
Net Operating Income
Annual £59,060
Annual Per SF £11.26

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,246 SF
Building Class
B
Year Built
1988
Price
£1,294,276
Price Per SF
£247
Net Initial Yield
4.56%
NOI
£59,060
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.26
Land Acres
0.46 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial retail
Parking
20 Spaces (3.94 Spaces per 1,000 SF Leased)
Frontage
102 ft on N D

Amenities

  • Bus Route
  • Signalised Intersection
  • Wheelchair Accessible
  • Monument Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Carousel Coin & Jewelry Exchange
  • Retailer
  • 927 SF
  • -
  • NNN
  • -
  • E & A Gifts
  • -
  • 927 SF
  • -
  • NNN
  • -
  • Franky's Donuts
  • Accommodation and Food Services
  • 1,406 SF
  • -
  • NNN
  • Dec 2024
  • Mi Casita Chapino
  • Administrative and Support Services
  • 1,986 SF
  • -
  • NNN
  • May 2029
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Carousel Coin & Jewelry Exchange Retailer 927 SF - NNN -
E & A Gifts - 927 SF - NNN -
Franky's Donuts Accommodation and Food Services 1,406 SF - NNN Dec 2024
Mi Casita Chapino Administrative and Support Services 1,986 SF - NNN May 2029
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Nearby Major Retailers

Curves
Bank of America
Chase Bank
Food 4 Less
Starbucks
Krispy Krunchy Chicken
Checkers Insurance
Sunstate Equipment Co.
United Rentals-aerial Equipment
Alberto's Mexican Food

PROPERTY TAXES

Parcel Number 0134-141-16 Total Assessment £634,879 (2024)
Land Assessment £155,935 (2024) Annual Taxes £7,834 (£1.49/sf)
Improvements Assessment £478,943 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
0134-141-16
Land Assessment
£155,935 (2024)
Improvements Assessment
£478,943 (2024)
Total Assessment
£634,879 (2024)
Annual Taxes
£7,834 (£1.49/sf)
Tax Year
2023
  • Andy Kwok
    Andy Kwok
  • Business Center Properties, LLC
(626) 375-0360

  • Listing ID: 31371739

  • Date on Market: 30/03/2024

  • Last Updated:

  • Address: 415 W 5th St, San Bernardino, CA 92401

The Retail Property at 415 W 5th St, San Bernardino, CA 92401 is currently available For Sale. Contact Business Center Properties, LLC for more information.

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© 2024 CoStar Group

Downtown San Bernardino Plaza | 415 W 5th St
(626) 375-0360 x

Downtown San Bernardino Plaza | 415 W 5th St

Andy Kwok

(626) 375-0360

(626) 375-0360

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