$198.52 Per Sq Foot $144,915 est/mo Sourced by Back At You

5391 Moreno Street,Montclair, CA 91763

Montclair CA, 91763

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Description

VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!! PROPERTY CAN BE PURCHASED UNDER $200 SQ FT -- WHICH IS SUBSTANTIALLY WAY BELOW REPLACEMENT COST!! ASSUMABLE NON RECOURSE LOAN AT 5.12% INTEREST ONLY (ABOUT 3% BELOW MARKET) FIXED UNTIL MID 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!! ALLIANCE INVESTMENT REAL ESTATE GROUP is pleased to present for sale, the Montclair East Shopping Center that is professionally managed Southern California shopping plaza with majority of its square footage space leased to national credit brand tenants (i.e., Ross, Dollar Tree, Best Buy, Five Below, and Hibbett Sports to name just a few) that are all paying rent. Most of these national credit tenants have long term historical occupancy. This center is located at 5391-5467 Moreno St. Montclair, CA 91763. This 9.56 acre property is made up of a healthy tenant mix that is well positioned for the local demographics. This center has great Freeway frontage & visibility right off the 10 Freeway and is located right next to Montclair Place, a recently modernized & updated indoor mall. Montclair East Shopping Center features freeway visible monument signage, ample parking, high foot traffic and excellent ingress/egress access with freeway on ramps & off ramps at Central Ave. This center can be easily accessed from both Los Angeles and the Inland Empire. This thriving center has significant rental upside and not to mention can be purchased SUBSTANTIALLY below replacement cost. This is the perfect investment opportunity for an investor as a 1031 exchange upleg property or to purchase with fresh money and add to your portfolio as a safe, secure, and highly stabilized, high foot traffic investment with low management, risk, and headaches! SUBMIT ALL OFFERS! Once again, one of the best attributes about this investment is that a buyer has an opportunity to purchase this property by assuming the current loan with an interest rate that’s almost 3% below market at a interest only rate of 5.12% that's fixed until mid-2028 for great cash flow starting from day one! Property can be purchased UNDER $200 per sq ft which is way SUBSTANTIALLY below replacement cost!! Agent / Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence. NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING US FIRST TO DISCUSS AT: 949-250-0400.

Details

MLS#OC22245652
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1993
Days On Site548
Listing Provided ByAlliance Investment RE Group 949-250-0400 | Ruben Khorsandi

Features

SQ Feet135,980
Story(s)1
Acreage9.56

Market Activity 91763

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 4 minutes ago
StateCA
CountySan Bernardino
CityMontclair
Zip Code91763
Area685 Montclair
Listing VS Median (in 91763)
Price:
$26,995,000
low | high
Med:
$643,450
100% of Average
SqFt:
135,980
low | high
Med:
1,792
100% of Average
$ / SqFt:
$199
low | high
Med:
$373
37.905348359734% of Average
On Site:
548
low | high
Med:
51.500000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 4:24:15 AM PDT