$23,750
$25,000,000
99.9%For more information regarding the value of a property, please contact us for a free consultation.
8.81 Acres Lot
SOLD DATE : 09/01/2022
Key Details
Sold Price $23,750
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21245442
Sold Date 09/01/22
HOA Y/N No
Year Built 1993
Lot Size 8.810 Acres
Property Description
Ashwill Associates is pleased to present, for sale, Montclair East Shopping Center; a fully leased Southern California shopping plaza with 87% of its square footage leased to national brand tenants. Located at 5391-5467 Moreno St. Montclair, CA 91763, the 9.56 Acre property is made up of a healthy tenant mix and is well positioned for the local demographics. Freeway frontage off the 10 Freeway and sitting next to Montclair Place, a recently modernized and updated indoor mall, Montclair East Shopping Center features freeway visible monument signage, ample parking, high foot traffic and excellent ingress/egress. With freeway on ramps and off ramps at Central Ave. The center can be easily accessed from both Los Angeles and the Inland Empire. Surprisingly, this thriving center can now be purchased for below replacement cost. It is the perfect 1031 upleg property for investors seeking an investment with low management. The two separate parcels can be sold together or independently.
Location
State CA
County San Bernardino
Area 685 - Montclair
Interior
Fireplace No
Laundry None
Building
Lot Description Level, Rectangular Lot
Story 1
Water Public
Others
Tax ID 1008201220000
Acceptable Financing Cash, Cash to Existing Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, 1031 Exchange
Financing Assumed
Special Listing Condition Standard
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Bought with Ruben Khorsandi • NONMEMBER MRML
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "