Redlands, CA 92374,1045 Parkford DR
Redlands, CA 92374,1045 Parkford DR
Redlands, CA 92374,1045 Parkford DR
20
$9,897,440
$9,897,440
Est.Price: ?

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2.73 Acres Lot

1045 Parkford DR Redlands, CA 92374

Est. payment /mo
SOLD DATE : 01/11/2023

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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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California Regional MLS (CRMLS)
Listed by BRAD FREEMAN • FREEMAN & ASSOCIATES
Bought with BRAD FREEMAN • FREEMAN & ASSOCIATES
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agent

Sandy Dabbs

Agent | License ID: 02120617

+1(714) 287-9983

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