$3,789,868
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2.73 Acres Lot
SOLD DATE : 08/12/2022
Key Details
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV22052189
Sold Date 08/12/22
HOA Y/N No
Lot Size 2.731 Acres
Property Description
Great Opportunity to own a parcel of land on the 10 Frwy Off Ramp with long term ground lease in place. The Current Tenant has 78 years remaining on the lease. The Tenant built Starbucks, Dominos and Learning Center. You own the land with the Ground lease in place. Ideal purchase for long term investment in a Trust, REIT or Pension Fund. There are bumps in the rent built into the lease, every 5 years (see Rent schedule) and this is a NNN lease Tenants pay all cost associated with the property and Buildings the Tenant constructed on the parcels. The current rent per parcel annually is $69,742.00. Parcel 0174-143-06 is also being sold by the same seller and can be purchased together or separately.
Location
State CA
County San Bernardino
Area 268 - Redlands
Zoning commercial
Interior
Fireplace No
Exterior
Fence None
Community Features Biking, Foothills, Hiking
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N No
View None
Building
Lot Description 2-5 Units/Acre, Corners Marked, Irregular Lot, Lot Over 40000 Sqft, Level, Value In Land, Flat
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 0174143070000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with BRAD FREEMAN FREEMAN & ASSOCIATES
