1035 Parkford, Redlands, CA 92374 - EV22051687 - iPro Real Estate
iPro Real Estate

iPro Real Estate

For Sale

$4,305,717 $29.00 per sqft

Free Professional CMA

Listing ID : EV22051687

  • Lot Size

    3 Acre

Description

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 78 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.

Details

Type: Land Sale 
County: San Bernardino 
Tax ID: 0174143060000
Days on Market: 131 
Property Type: Land Sale 
Sub Type: Unimproved Land 

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Interactive

34.042854 -117.157326 $4,305,717 EV22051687
1035 Parkford, Redlands, CA 92374
Directions to here from:

Area Information 92374

Population:

46,428 Up .06% since 2010
Average Income:
$106,067
Average Age:
35Years
Gender:
48.1%Male
51.9%Female
Households:
15,10236.02% with children
Average Value:
$509,384
Occupancy:
58.89%Owned
41.11%Rented
5.69%Vacant
Education:
23.19%High School
8.68%Associate
17.16%Bachelor
11.12%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
14.46Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Very Low
Wind Risk:
Very Low

History

Date Transaction Price Mortgage Amt & Lender
Date
Mar 29, 2022
Transaction
Active - LandEV22051687
Price
$4,305,717
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by KENNETH PATTERSON with KELLER WILLIAMS REALTY