Archive for: Redlands

 

• Three Tenant Retail Center – Located in the Inland Empire Area of Redlands, One of the Highest Projected Housing and Job Growth Areas of Southern California
• Long Term Occupancy History – Two of the Three Tenants Have Occupied the Property for Over 10 Years Proving Their Long Term Commitment to a New Investor
• National and Regional Tenant Mix – T-Mobile, The Wok Experience, and Silver Spoon Collectively Occupy 100% of the GLA of the Center
• Low Rents Creating Long Term Value for Growth – Current In-Place Rents Average Only $2.05 PSF / MO, Which is Roughly 10% Below the Estimated Market Rent
• Significant Growing Income Stream – Two of the Three Tenants Call for 3% Annual Rent Increases, with the Other Tenant Calling for a Minimum of 5% Increase (Based on CPI) Every 2.5 Years
• Strategically Located 0.5 Miles South of Interstate 10, the Subject Property is 61 Miles East of Downtown Los Angeles and 46 miles Northwest of Palm Springs