3351 S Riverside Avenue 2, Bloomington, CA 92316

About this commercial property

This industrial property consists of 2 buildings approx. 8,000 SF, and sits on a triangular corner lot totaling over 86,000 SF. The main/front building was extensively renovated in 2020. The site has excellent frontage along South Riverside Avenue & along Industrial Drive. Located within close proximity/access to Interstate-10, Interstate-60, Interstate-215, and Interstate-15. Neighbors include Walmart Distribution Center, FedEx Ground, Living Spaces, Cooper Lighting, Razor USA, Lineage Logistics, Colgate Palmolive Company, UPS Freight, etc. SINGLE-TENANT INDUSTRIAL LEASED INVESTMENT OPPORTUNITY! Offering Price: $5,250,000; Land Price Per SF: $61; Year 1 CAP rate: 5.25%; Net Operating Income(NOI): $274,228.08; 5 years lease term; 3% annual increase; Lease Form: AIR Industrial Single - Tenant Lease – NET; Retrofit Technologies will sign a 5 years lease before close of escrow. Retrofit Technology, Inc. is specializing in the repair and replacement of chilled water systems in existing buildings. For more info.: https://www.retrofittechnology.com/portfolio

Listing description from the January 2023 sale, as reported to CRMLS.

Sale history

$5,150,000

Sold January 2023 · listed $5,250,000, on market September 2022 · MLS #OC22212990 · Source: CRMLS

Listing Agent: Steven Doan · Listing Office: Realty One Group West · Contact: 949-783-2400 · Bought with: JESSICA EUBANKS · SIMPLE REAL ESTATE GROUP

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