1035 Parkford Drive, Redlands, CA 92374

About this property

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.

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

Sale history

$1,650,000

Sold January 2023 · listed $2,800,000, orig. $8,095,585, on market March 2022 · MLS #EV22051687 · Source: CRMLS

Listing Agent: KENNETH PATTERSON · Listing Office: KELLER WILLIAMS REALTY · Contact: 909-793-2100 · Bought with: KENNETH PATTERSON · KELLER WILLIAMS REALTY

$9,150,000

Sold November 2014 · listed $9,300,000, on market June 2014 · MLS #RW2141114 · Source: CRMLS

Listing Agent: Bradley Freeman · Listing Office: Harcourts & Freeman · Bought with: Out Of Area Agent · Out Of Area Office

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