Colton, CA 92324,895 897 W Valley BLVD
Colton, CA 92324,895 897 W Valley BLVD
Colton, CA 92324,895 897 W Valley BLVD
Colton, CA 92324,895 897 W Valley BLVD
Colton, CA 92324,895 897 W Valley BLVD
Colton, CA 92324,895 897 W Valley BLVD
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$1,305,000

$1,375,000

5.1%
Est.Price: ?

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Est. payment /mo

0.53 Acres Lot


SOLD DATE : 03/05/2019

Key Details

Sold Price $1,305,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IV18235776

Sold Date 03/05/19

HOA Y/N No

Year Built 1989

Lot Size 0.530 Acres

Property Description

MGR Real Estate Inc., is pleased to present for sale 895-897 West Valley Blvd. Colton CA, 92324. This 100% Leased Medical Office's were built in 1989. The two-story office project is comprised of 11,371 square-feet gross building area; situated on over 23,090 square-feet of land, with street frontage to Valley Blvd and highly visible from the 10 freeway. Property is less than a mile (0.8) from Arrowhead Regional Medical Center & walking distance from DaVita Dialysis. In addition, property has upside potential margin for increase in rents with average in-place income of $0.85/PSF (MG), which is approximately 18%-23% below the market rate of $1.04/$1.10 PSF (MG). This presents an excellent and unique opportunity for any investor to reposition the asset through lease negotiations and tenant improvements. The building has recently undergone multiple upgrades such as new exterior paint & windows on the first floor (895 building). Also, doors have upgraded door handles, new commercial flooring throughout common areas/restrooms and fire department compliant sprinkler system. There is excellent parking ratio, with off street parking located around the building. Two entrances with full weekend access. Additionally, the property is positioned within a medium dense area with great street exposure and has easy access to freeways 10 and 215.

Location

State CA

County San Bernardino

Area 273 - Colton

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry None

Building

Lot Description 0-1 Unit/Acre, Sprinkler System

Story 2

Water Public

Others

Tax ID 0162133080000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by DANIEL VALENZUELA • M G R REAL ESTATE
Bought with KAZI AHMED • SAVE-ON REALTY SERVICES
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