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27190 3rd Street

$4,100,000

27190 E 3rd st, Highland, CA 92346

Active
Last Updated: 03/21/2025

14,280 sqft

Building Size

1.66 acres

Lot Area

Details:
Building Size:    14,280 sqft
Lot Area:    1.66 acres
Occupancy:    100%
Class:    C
Units:    12
Year Built:    1978
Parking Spots:    30
Description:

Prime Light Industrial Complex with Development Potential

Address: 27190 - 27212 E 3rd St, Highland, CA

Property Overview:
This exceptional commercial property offers an enticing opportunity for investors and business owners alike. Situated on approximately 1.66 acres of land, this versatile light industrial complex is divided into two single-story buildings, each featuring 6 suites. The total rentable square footage for both buildings is 14,280 square feet, with each suite thoughtfully configured to offer approximately 30% office space and 70% warehouse space.

Key Features:

Value Add Opportunity: Currently, the property is priced below market rents, making it an attractive value-add opportunity for savvy investors. Bring this thriving business center up to its full income potential.

Development Potential: The property boasts a LARGE vacant lot (36,808sf included in the 1.66 acres) to the rear, offering a substantial development or redevelopment opportunity. Unlock the potential of this prime piece of real estate to meet your specific needs.

Convenient Location: With frontage on 3rd Street and access from 5th Street, this property enjoys excellent visibility and accessibility. It is strategically located in close proximity to the San Bernardino International Airport, enhancing its appeal for logistics and transportation businesses.

Ample Parking: On-site parking ensures convenience for tenants and their clients, while ground-level roll-up doors in each suite facilitate easy loading and unloading of goods.

Don't Miss Out: Seize this rare opportunity to acquire a multi-tenant light industrial property with tremendous potential for value appreciation and development. Whether you're looking to secure steady rental income or capitalize on the vacant land, this property offers a wealth of possibilities.


Property Overview:
This exceptional commercial property offers an enticing opportunity for investors and business owners alike. Situated on approximately 1.66 acres of land, this versatile light industrial complex is divided into two single-story buildings, each featuring 6 suites. The property boasts a LARGE vacant lot (36,808sf included in the 1.66 acres) to the rear, offering a substantial development or redevelopment opportunity. The total rentable square footage for both buildings is 14,280 square feet, with each suite thoughtfully configured to offer approximately 30% office space and 70% warehouse space.

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Today's Available Mortgage Rates

27190 E 3rd st, Highland, California 92346

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 05/31/2024
Bank*Lender #1642
5 Year Fixed
30 Year Amortization
Interest rate 6.62% 5 Year Fixed
Mo. Payment$13,120 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $7,000 Lender fees
Loan Amount $2,050,000 Loan Amount
Bank*Lender #1459
7 Year Fixed
25 Year Amortization
Interest rate 6.71% 7 Year Fixed
Mo. Payment$14,112 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $2,050,000 Loan Amount
Bank*Lender #1459
10 Year Fixed
25 Year Amortization
Interest rate 6.7% 10 Year Fixed
Mo. Payment$14,099 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $2,050,000 Loan Amount
Largest Commercial Real Estate Lending
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