Hemphill Complex for Sale

Retail-Commercial for Sale
Catylist Listing ID: 29895054
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.64 Acres
Sale Price: $1,250,000
Unit Price: $250 PSF
Property Use Type: Business
Building Name: Hemphill complex and yards
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 5.57%
Last Updated: 11/16/2017

Overview / Comments

Well constructed 5000 sq. ft. building with 19 ft. clearance
100% leased with Dean Foods, and a Car re-furbisher. There are about 12 additional tenants on this 2.64 acre parcel, one occupying a Mobile Home
owned by the seller, George’s Tire that occupies a concrete pad with rest
room. There are also chain linked fenced lots that are rented out for
equipment storage.Showings by appointment only.

Attachments & Media

Financials

Finance Data Year 2016
Net Operating Income $71,520 (Annual)
Gross Operating Income $94,080 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County
Tax ID/APN: 665-170-011
Zoning: COMMERICAL
Retail Clientele: General
Property Located Between: Palm and Indian just east of the intersection of Little Morongo and Dillon
Property Visibility: Excellent
Largest Nearby Street: Dillon
Highway Access: Palm or Indian Ave to Hwy 10 about 2 miles to the south.
Airports: Palm Springs International
Site Description: Buildings in Front and yards in behind them.
Area Description: In the heart of the new marijuana cultivation development zone.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2005
Total Parking Spaces: 18
Zoning Description: Commericial
Water Service: Municipal
Land Ownership: Fee Simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,618 29,006 52,326
Median Age: 30.94 31.25 35.36
Households: 1,113 9,388 18,538
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