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OFFERING PRICE:
$7,400,000
OFFERING PRICE PSF:
$232
NOI (YEAR 1):
$477,137
NOI (YEAR 3):
$574,989
CURRENT OCCUPANCY:
93%
TOTAL BUILDING AREA:
31,837 SF
TOTAL LAND AREA:
125,017 SF (2.87 Acres)
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INVESTMENT HIGHLIGHTS
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Leasing Momentum - Approximately 25% of the existing occupancy has renewed or signed new leases at the property in 2016
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Kalmia Plaza is a 31,837 SF multi-tenant retail strip center, 93% leased to a synergistic mix of sixteen (16) restaurant, retail and service tenants
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Low in-place rents - property wide, rents average just $1.42 PSF/month, creating an opportunity to benefit from the next cycle of rental growth
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Kalmia Plaza presents a rare opportunity to purchase a “value-add” retail center in one of the Inland Empire’s more affluent trade areas
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NOI is projected to grow more than $219,000 (46%) over the anticipated hold period, providing an excellent hedge against inflation
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The California Oaks Rd./Kalmia St. exit is one of the dominant retail pockets in the trade area with tenants including Target, Lowe’s, Kohl’s, Bed Bath & Beyond, Babies “R” Us, Petco, Guitar Center, LA Fitness, AutoZone, O’Reilly Auto Parts, Starbucks, Jack in the Box, Taco Bell, Carl’s Jr. and many others
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CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM |
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INFORMATION
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We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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