Active

5391 Moreno Street

Montclair CA, 91763

$26,995,000


$198.52 per sqft

Active

135,980 sqft

Commercial

Built in 1993

Listed by Ruben Khorsandi with Alliance Investment RE Group 949-250-0400

SUBMIT ALL OFFERS!!

**ASSUMABLE NON RECOURSE LOAN AT 5.12% INTEREST ONLY (ABOUT 2% BELOW MARKET) FIXED UNTIL 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!!**

PROPERTY CAN BE PURCHASED UNDER $200 SQ FT -- WHICH IS WAY BELOW REPLACEMENT COST!!

We are pleased to present for sale, the Montclair East Shopping Center; a 100% leased professionally managed Southern California shopping plaza with 85%+ of its square footage leased to national credit brand tenants (i.e., Ross, DD's, Dollar Tree, Best Buy, Five Below, and Hibbett Sports just to name 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 way 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!

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 2% below market with an interest only rate of 5.12% that's fixed until mid-2028 for great cash flow starting from day one!

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 LISTING OFFICE FIRST TO DISCUSS FURTHER.

OC22245652

MLS ID

November 22, 2022

Listed

February 16, 2024

Updated

Map

5391 Moreno Street
Montclair CA, 91763

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

9.56 Acres


Lot Features

6-10 Units/Acre

Other Property Details

Area Name

685 - Montclair


Days on Market

400


Garage

No


View

No


County

San Bernardino


Water Source

Public


Pool

No


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

9/20/2023

Price Change

$26,995,000

-3%

6/1/2023

Price Change

$27,695,000

-2%

Listing Contact: 949-250-0400 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 6:21 AM UTC

 

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