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1035 Parkford Drive

Redlands, CA 92374
  • $2,800,000
  • STATUS: Active
  • ON SITE: 183 Days
  • ID#: EV22051687
UPDATED: 68 min ago
$2,800,000
  • 0
    BEDS
  • 3.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Kenneth Patterson of Keller Williams Realty (909-793-2100) and Regina Parker of ()


Description

Price just reduced....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 76 years remaining on the lease. The Tenant built LA Fitness. 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 0174-143-07 is also being sold by the same seller and can be purchased together or separately.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T00:28:47.063. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/127156106
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1035 Parkford Drive Redlands, CA 92374

  • Price: $2,800,000
  • Status: Active
  • On Site: 183 Days
  • Updated: 68 min ago
  • ID#: EV22051687
0
Beds
0
Baths
0
½ Baths
3.41
Acres
Neighborhood:
268 - Redlands
County:
San Bernardino
Area:
268 - Redlands
Property Description
Price just reduced....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 76 years remaining on the lease. The Tenant built LA Fitness. 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 0174-143-07 is also being sold by the same seller and can be purchased together or separately.
Exterior Features

Fencing None Lot Features 2-5 Units/AcreCorners MarkedLot Over 40000 SqftLevelValue In LandFlat Road Frontage Type City Street Road Surface Type Paved Sign On Property YN No Topography Level View None View YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingFoothillsHiking Current Financing None Disclosures Incorporated Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan New Construction YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T00:28:47.063. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Kenneth Patterson of Keller Williams Realty (909-793-2100) and Regina Parker of ()