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1045 Parkford DR Redlands, CA 92374
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Key Details
Sold Price $9,897,440
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV22179524
Sold Date 01/11/23
HOA Y/N No
Year Built 2019
Lot Size 2.731 Acres
Property Sub-Type Retail
Property Description
This property sits along a busy corridor of the Interstate 10 with a 110' tall Pylon dedicated to this property, located at the entrance to South Redlands. This is the first exit in Redlands coming from the east. This offering consists of three national credit tenants, including Starbucks, Dominos, and The Learning Experience, and also includes Sev Laser which is a small regional tenant. All tenants are on NNN leases, who are all likely to renew at options, while also well-suited for backfill that can produce increase in rents. The zoning is C4 which allows for medical use, and the parking ratio is above 5/1,000 which is very difficult to find in the City of Redlands. Shadow Anchored by a free-standing state-of-the-art LA Fitness with a renewed lease at this seasoned location, known to be one of the most popular fitness clubs in the Inland Empire Region. At the time of the renewal there were significant tenant improvements, including exterior paint, and a parking lot and lighting updates
Location
State CA
County San Bernardino
Area 268 - Redlands
Zoning C4
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Lot Description Lot Over 40000 Sqft, Landscaped, Sprinkler System
Story 1
Water Public
Others
Tax ID 0174143070000
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
Lease Land No
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Bought with BRAD FREEMAN • FREEMAN & ASSOCIATES