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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com

DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com

DRE# 01787685
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5391 Moreno Street,  Montclair CA, 91763

(Active)
$26,995,000
|
135,980 sqft
|
MLS# OC22245652
Last Updated: 5/17/2024 4:19 AM
Description for 5391 Moreno Street Montclair, CA 91763
VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!! PROPERTY CAN BE PURCHASED UNDER $200 SQ FT -- WHICH IS SUBSTANTIALLY WAY BELOW REPLACEMENT COST!!ASSUMABLE NON RECOURSE LOAN AT 5.12% INTEREST ONLY (ABOUT 3% BELOW MARKET) FIXED UNTIL MID 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!! ALLIANCE INVESTMENT REAL ESTATE GROUP is pleased to present for sale, the Montclair East Shopping Center that is professionally managed Southern California shopping plaza with majority of its square footage space leased to national credit brand tenants (i.e., Ross, Dollar Tree, Best Buy, Five Below, and Hibbett Sports to name just a few) that are all paying rent. Most of these national credit tenants have long term historical occupancy. This center is located at 5391-5467 Moreno St. Montclair, CA 91763. This 9.56 acre property is made up of a healthy tenant mix that is well positioned for the local demographics. This center has great Freeway frontage & visibility right off the 10 Freeway and is located right next to Montclair Place, a recently modernized & updated indoor mall. Montclair East Shopping Center features freeway visible monument signage, ample parking, high foot traffic and excellent ingress/egress access with freeway on ramps & off ramps at Central Ave. This center can be easily accessed from both Los Angeles and the Inland Empire. This thriving center has significant rental upside and not to mention can be purchased SUBSTANTIALLY below replacement cost. This is the perfect investment opportunity for an investor as a 1031 exchange upleg property or to purchase with fresh money and add to your portfolio as a safe, secure, and highly stabilized, high foot traffic investment with low management, risk, and headaches! SUBMIT ALL OFFERS!Once again, one of the best attributes about this investment is that a buyer has an opportunity to purchase this property by assuming the current loan with an interest rate thats almost 3% below market at a interest only rate of 5.12% that's fixed until mid-2028 for great cash flow starting from day one! Property can be purchased UNDER $200 per sq ft which is way SUBSTANTIALLY below replacement cost!!Agent / Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING US FIRST TO DISCUSS AT: 949-250-0400.
Price
$26,995,000
San Bernardino
135,980 (approx)
OC22245652
Active
Description
VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!! PROPERTY CAN BE PURCHASED UNDER $200 SQ FT -- WHICH IS SUBSTANTIALLY WAY BELOW REPLACEMENT COST!!ASSUMABLE NON RECOURSE LOAN AT 5.12% INTEREST ONLY (ABOUT 3% BELOW MARKET) FIXED UNTIL MID 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!! ALLIANCE INVESTMENT REAL ESTATE GROUP is pleased to present for sale, the Montclair East Shopping Center that is professionally managed Southern California shopping plaza with majority of its square footage space leased to national credit brand tenants (i.e., Ross, Dollar Tree, Best Buy, Five Below, and Hibbett Sports to name just a few) that are all paying rent. Most of these national credit tenants have long term historical occupancy. This center is located at 5391-5467 Moreno St. Montclair, CA 91763. This 9.56 acre property is made up of a healthy tenant mix that is well positioned for the local demographics. This center has great Freeway frontage & visibility right off the 10 Freeway and is located right next to Montclair Place, a recently modernized & updated indoor mall. Montclair East Shopping Center features freeway visible monument signage, ample parking, high foot traffic and excellent ingress/egress access with freeway on ramps & off ramps at Central Ave. This center can be easily accessed from both Los Angeles and the Inland Empire. This thriving center has significant rental upside and not to mention can be purchased SUBSTANTIALLY below replacement cost. This is the perfect investment opportunity for an investor as a 1031 exchange upleg property or to purchase with fresh money and add to your portfolio as a safe, secure, and highly stabilized, high foot traffic investment with low management, risk, and headaches! SUBMIT ALL OFFERS!Once again, one of the best attributes about this investment is that a buyer has an opportunity to purchase this property by assuming the current loan with an interest rate thats almost 3% below market at a interest only rate of 5.12% that's fixed until mid-2028 for great cash flow starting from day one! Property can be purchased UNDER $200 per sq ft which is way SUBSTANTIALLY below replacement cost!!Agent / Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING US FIRST TO DISCUSS AT: 949-250-0400.
Listing Information
Property Type: Retail, Business Opportunities, 1 Story
9.56 Acres Assessor 135,980 (approx)
1993 1
Public
Neighborhood
Room Information
None
Exterior / Lot Features
0 Covered Parking Spaces,
6-10 Units/Acre
Driving Directions
10 Freeway & Central Ave
Financial Considerations
1008201220000
Cash to Existing Loan,1031 Exchange
Listing Price History

Montclair Real Estate

Montclair is located in California. Montclair, California 91763 has a population of 41,087.

The median household income in Montclair, California 91763 is $65,602. The median household income for the surrounding county is $65,961 compared to the national median of $66,222. The median age of people living in Montclair 91763 is 35 years.

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Listing Agent: Ruben Khorsandi CalDRE: 01085411 - Alliance Investment RE Group, 949-683-6662
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/17/2024 4:19 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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