100% Leased Multi-Tenant Flex Center

For Sale

165 W Hospitality Ln, San Bernardino, CA 92408

This San Bernardino property for sale is located at 165 W Hospitality Ln. The current listed sale price for 100% Leased Multi-Tenant Flex Center is $7,935,000. 100% Leased Multi-Tenant Flex Center is situated on a lot that is 2.9 acre in size.

Contacts

broker

Greg Bedell, CCIM

Progressive Real Estate Partners

Property Details

  • Property Type Industrial - Flex - Industrial
  • Property Size 44,291 SF
  • Lot Size 2.9 Acre
  • Additional Rent Contact for pricing
  • Year Built 1981
  • Date Updated Jul 16, 2024
  • HVAC None
Located at Major Commercial Hub – The property is situated within the Tri-City Commercial Hub, a 4.4 million square foot “hub” located at the intersection of the 10 & 215 freeways. The hub features 51,000 daytime employees and operates as a central location serving the residents of several surrounding cities, including Redlands and Loma Linda.Progressive Real Estate Partners is proud to present the opportunity to acquire this 100% leased multi-tenant flex center – a highly adaptable, 32-unit flex property hosting 24 tenants at below-market rents averaging just $1.29/SF (Modified Gross). Priced at just $179/SF, the property significantly falls below replacement cost. Its ±330 feet of frontage along Hospitality Lane distinguishes it as one of the few flex properties in the area with "retail-like" visibility, enabling it to accommodate a diverse mix of tenants. Over the past 5 years, an estimated $345,000 has been invested in capital improvements, including a new roof, multiple HVAC units, a fresh paint scheme, fenced trash enclosures, low-maintenance/drought-tolerant landscaping, LED lighting, and more. The vacancy rate for the 180,000 SF of flex space within the Tri-City Commercial Hub sits at a record low of 1.60%, offering investors an asset type with limited supply, high demand, virtually no new construction, and rising rents.

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Getting around

  • 38/100

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  • 34/100

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  • 59/100

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Location

  • City San Bernardino, CA
  • Neighborhood Show Place
  • Zip Code 92408
  • Market Inland Empire

Points of Interest

  • Tippecanoe Avenue

    1.58 miles

  • San Bernardino Depot

    2.99 miles

  • Esri

    5.19 miles

  • Downtown Redlands

    5.93 miles

  • University of Redlands

    6.92 miles

  • Costco Gasoline

    1.27 miles

  • 7-Eleven

    1.45 miles

  • Tesla Supercharger

    1.48 miles

  • eVgo

    1.48 miles

  • 7-Eleven

    1.54 miles

  • Arco

    1.66 miles

  • Chevron

    1.84 miles

  • Mobil

    2.21 miles

  • Chevron

    2.69 miles

  • Arco

    3.05 miles

  • Shell

    3.10 miles

  • Enterprise

    4.80 miles

  • Matt's Express Car Wash

    4.97 miles

  • ARCO Gas Station

    5.31 miles

  • Circle K

    6.82 miles

  • Sierra Car Wash

    8.73 miles

  • Enterprise

    8.79 miles

  • Enterprise

    8.88 miles

  • Moreno Valley Car Wash

    8.88 miles

  • Opal Street Car Wash

    9.01 miles

  • Bleu Pitt Cafe

    0.02 miles

  • Lotus Garden

    0.08 miles

  • El Torito

    0.10 miles

  • Subway

    0.11 miles

  • Peruvian Cuisine

    0.11 miles

  • India's Clay Oven

    0.12 miles

  • Delhi Palace

    0.12 miles

  • Lunch Buffet

    0.13 miles

  • Philly Steaks

    0.13 miles

  • 20/20 Bar & Grill

    0.14 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Greg Bedell, CCIM

Progressive Real Estate Partners