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London Square

2 Retail Properties Offered at £1,870,056 in San Bernardino, CA

Investment Highlights

  • Heavy Foot Traffic
  • Triple Net Core Investment
  • 100% Leased
  • Abundant Parking
  • Long Term Established Tenants
  • Well Maintained Property

Executive Summary

Fantastic Triple Net Core Investment Opportunity. London Square is Currently 100% Leased to Both Long Term Tenants, as well as New Tenants Who Have Just Joined the Center. The Property Has Undergone a Complete Transformation Since Being Acquired in 2021. Tenants Have Been Placed Bringing the Occupancy to 100%, the Aesthetics and Curb Appeal of The Center Have Been Upgraded, A New Roof Was Installed in 2024 for Both Buildings, and the Parking Lots Received a New Slurry Coat in 2022. All Tenants at the Center Contribute to the Heavy Foot-Traffic That It Receives. Notably, the Pizza House is a Well-Known City Favorite Who Have Been at the Center Since 2013. Furthermore, Extraordinaire Arcade Have Vastly Grown as One of the Main Go-To Retro Arcade Spots in the Entire Inland Empire. The Center's Longer-Term Tenants Have Renewed Their Leases with the Landlord Multiple Times, Showing Stability and Comfortability with the Center. The Property Also Provides Abundant Parking for All Tenants and Their Customers/Clientele, Monument Signage for All Tenants, and a Fire Alarm Monitoring System Throughout All Units.
For Any Questions or Inquiries, Please Contact Hayden Caballero by Cell: (626) 506-8383 or Email: hayden@itrgcre.com
Please Do not Disturb or Approach the Tenants! Drive-By Only. Tours For the Interior of the Units Only After an Accepted Offer.

Data Room Click Here to Access

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual
Gross Rental Income $99,999
Other Income $99,999
Vacancy Loss $99,999
Effective Gross Income $99,999
Taxes -
Operating Expenses -
Total Expenses $99,999
Net Operating Income $99,999

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Other Income
Annual $99,999
Vacancy Loss
Annual $99,999
Effective Gross Income
Annual $99,999
Taxes
Annual -
Operating Expenses
Annual -
Total Expenses
Annual $99,999
Net Operating Income
Annual $99,999

Property Facts

Price £1,870,056
Price / SF £128.28 / SF
Sale Conditions 1031 Exchange
Net Initial Yield 5.51%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 14,578 SF
Total Land Area 1.38 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
London Square
2339-2377 N Sierra Way, San Bernardino, CA 92405
Retail 10,216 SF 1975 -
2433 N Sierra Way, San Bernardino, CA 92405 Retail 4,362 SF 1975 -
Show More > < Show Less
  • Listing ID: 33760689

  • Date on Market: 05/11/2024

  • Last Updated:

  • Address: London Square, San Bernardino, CA

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