3351 S Riverside Avenue 2, Bloomington CA, 92316

Closed

3351 S Riverside Avenue 2

Bloomington CA, 92316

$5,150,000

$643.75 per sqft

Closed

8,000 sqft

Commercial

Built in 1985

Listed by Steven Doan with Realty One Group West 949-783-2400

This industrial property consists of 2 buildings approx. 8,000 SF, and sits on a triangular corner lot totaling over 86,000 SF. The main/front building was extensively renovated in 2020. The site has excellent frontage along South Riverside Avenue & along Industrial Drive. Located within close proximity/access to Interstate-10, Interstate-60, Interstate-215, and Interstate-15. Neighbors include Walmart Distribution Center, FedEx Ground, Living Spaces, Cooper Lighting, Razor USA, Lineage Logistics, Colgate Palmolive Company, UPS Freight, etc.

SINGLE-TENANT INDUSTRIAL LEASED INVESTMENT OPPORTUNITY! Offering Price: $5,250,000; Land Price Per SF: $61; Year 1 CAP rate: 5.25%; Net Operating Income(NOI): $274,228.08; 5 years lease term; 3% annual increase; Lease Form: AIR Industrial Single - Tenant Lease - NET;

Retrofit Technologies will sign a 5 years lease before close of escrow. Retrofit Technology, Inc. is specializing in the repair and replacement of chilled water systems in existing buildings. For more info.: https://www.retrofittechnology.com/portfolio

OC22212990

MLSⓇ ID

September 30, 2022

Listed

May 9, 2024

Updated

Map

3351 S Riverside Avenue 2
Bloomington CA, 92316

Interior Features

Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 1.97 Acres
Lot Features: 0-1 Unit/Acre, Corner Lot, Lot Over 40000 Sqft

Other Property Details

Area Name: 265 - Bloomington
Days on Market: 67
Garage: No
View: No
County: San Bernardino
Water Source: Public
Pool: No
Buyer Agency Compensation: 2.25%

Listing Contact: 949-783-2400

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 5/9/2024 at 1:29 PM UTC