2339 Sierra Way, San Bernardino, CA 92405
  • MLS#: CV24228708 ( Retail )
  • Street Address: 2339 Sierra Way
  • Viewed: 15
  • Price: $2,390,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1975
  • Bldg sqft: 0
  • Days On Market: 176
  • Additional Information
  • County: SAN BERNARDINO
  • City: San Bernardino
  • Zipcode: 92405
  • Provided by: Home Free Realty
  • Contact: Hayden Hayden
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Fantastic triple net core investment opportunity. London square is fully leased to both long term tenants, as well as new tenants who have just joined the center. The property has undergone a complete transformation since being acquired in 2021. The aesthetics and curb appeal of the center have been upgraded, a new roof was installed in 2024 for both buildings, and the parking lots received a new slurry coat in 2022. All tenants at the center contribute to the heavy foot traffic that it receives. Notably, the pizza house is a well known city favorite who have been at the center since 2013. Furthermore, extraordinaire arcade have vastly grown as one of the main go to retro arcade spots in the entire inland empire. The center's longer term tenants have renewed their leases with the landlord multiple times, showing stability and comfortability with the center. The property also provides abundant parking for all tenants and their customers/clientele, monument signage for all tenants, and a fire alarm monitoring system throughout all units.
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Features
Assetclass
  1. Retail
Building Area Total
  1. 14295.00
Building Name
  1. London Square
Commoninterest
  1. None
Cooling
  1. Central Air
Country
  1. US
Current Financing
  1. None
Expense Year
  1. 2024
Fencing
  1. Wrought Iron
Heating
  1. Central
Insurance Expense
  1. 8500.00
Land Use
  1. Retail
Largest Contigious Square Footage
  1. 4782
Laundry Features
  1. None
Netoperatingincome
  1. 131585.00
Otherexpense
  1. 4200.00
Parcel Number
  1. 0150231700000
Postalcodeplus4
  1. 3545
Professionalmanagementexpense
  1. 6000.00
Property Type
  1. Retail
Retail Square Footage
  1. 14295
Security Features
  1. Fire and Smoke Detection System
  2. Security Lights
  3. Security System
Signage
  1. Sign Freestanding
  2. Sign on Building
Totalexpenses
  1. 60900.00
Trash Expense
  1. 2112.00
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Natural Gas Connected
  4. Sewer Connected
  5. Water Connected
Vacancyallowance
  1. 9624
Views
  1. 15
Water Sewer Expense
  1. 1764.00
Water Source
  1. Public
Year Built
  1. 1975
Zoning
  1. CG-1