SUN LAKES VILLAGE, BLDG's 2, 6, 8 AND 10

Shopping Center for Sale
Catylist Listing ID: 30709040
Property Subtypes: Grocery-Anchored, Neighborhood Center, Net Leased, Strip Center
Building Size (RSF): 43,551 SF
Gross Building Area: See Agent
Gross Land Area: 3.36 Acres
Sale Price: $15,800,000
Unit Price: $362.79 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: SUN LAKES VILLAGE SHOPPING CENTER
Sale Terms: Cash to Seller
Cap Rate: 5.5%
Average Occupancy Rate: 95
Last Updated: 6/30/2021

Overview / Comments

SEE OUR INTRODUCTORY VIDEO AT:

https://youtu.be/6hgFfNcd1QI

THE OFFER INCLUDES THE SUNLAKES SHOPPING CENTER IN-LINE RETAIL BUILDINGS 2, 6, 8 AND 10 WHICH ARE PART OF AN EXPANSIVE (120-ACRES) COMMERCIAL/RETAIL CENTER LOCATED AT THE INTERSECTION OF INTERSTATE 10 AND HIGHLAND SPRINGS AVE IN BEAUMONT/BANNING, CA. THOUGH NOT A PART (NAP) OF THE OFFERED SALE, THE ANCHORS FOR THIS MEGA-COMMERCIAL/RETAIL CENTER INCLUDE HOME DEPOT, ALBERTSON'S, WALMART, CHILI'S GRILL AND BAR, STARBUCKS, HOBBY LOBBY, BIG 5, MARSHALLS, MOBIL GAS, US BANK, KOHL;S, MCDONALD'S, BEST BUY, CHIPOTLE, RITE AID, ANYTIME FITNESS AND MUCH MORE. ARGUABLY THIS 120-ACRE COMMERCIAL/RETAIL CENTER IS ONE OF THE LARGEST IN ALL OF RIVERSIDE COUNTY, CA.

THE SUN LAKES IN-LINE RETAIL CENTER TOTALING 43,551/SF (4-BUILDINGS) IS FOR SALE AND COMBINED WITH ITS NEARBY RETAIL ANCHORS (NAP) MAKE THIS AN IDEAL PEOPLE-FRIENDLY NEIGHBORHOOD SHOPPING CENTER. WITHIN THE OFFERED IN-LINE RETAIL CENTER ARE BUILDINGS 2,6,8 AND 10 WITH 25-SHOP, STORE AND RESTAURANT TENANTS (FOR MORE DETAILED TENANT AND FINANCIAL INFORMATION CALL OR WRITE TO RECEIVE AND EXECUTE OUR ND/NC THEN WE CAN SEND YOU OUR O.M.).

Financials

Finance Data Year 2020
Net Operating Income $869,835 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 419-140-025, 029, 031 AND 033
Zoning: C3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: AT THE INTERSECTION OF INTERSTATE 10 AND HIGHLAND SPRINGS AVE
Property Visibility: Excellent
Largest Nearby Street: INTERSTATE 10 AND HIGHLAND SPRINGS AVE
Feet of Frontage: 1,300
Highway Access: EASY IMMEDIATE EAST WEST INGRESS AND EGRESS TO INTERSTATE 10.
Airports: 35-MINUTES TO PALMS SPRINGS AND 100-MINUTES TO LAX
Site Description: THE SUBJECT PROPERTY SERVES A REGIONAL POPULATION WELL OVER 200,000.
Area Description: THE BANNING/BEAUMONT AREA IN SOCAL IS REPORTED TO BE THE 2ND FASTEST GROWTH AREA IN THE ENTIRE STATE.
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Good
Year Built: 1990
Parking Ratio: 4.7 (per 1000 SF)
Parking Type: Surface
Parking Description: PARKING RATIO IS 4.7/1000
Total Parking Spaces: 202
Sprinklers: Wet
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: C3
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements Description: AVAILABLE IN ESCROW
Land Ownership: FEE SIMPLE
Legal Description: AVAILABLE IN ESCROW

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,544 36,954 68,086
Median Age: 39.61 36.92 40.24
Households: 4,755 12,825 24,438

Contact

Photograph of Listing Agent

Lynn F. Coker

NAI Capital DACIE Member

Sponsoring Organization

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