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- LoopNet Team
1045 Parkford Dr
Redlands, CA 92374
Land For Sale
·
2.73 ac
INVESTMENT HIGHLIGHTS
- Land with long term NNN Ground lease in place. When lease terminates you own the improvements and the land.
PROPERTY FACTS
DESCRIPTION
You are purchasing the ground with a long term Ground lease in place with a master tenant. The Master Tenant has the right to build commercial units on the parcel, which has been completed and all units have been leased out in a sub-lease. The master tenant pays monthly rent which totals $69,742 annually with rent bumps every 5 years. 78 years remaining on the lease. At the end of the lease all buildings become the property of the land owner. The idea buyer would be a Trust, REIT or Pension fund looking to purchase and hold for long term to capitalize on the future value when the Buildings are turned over to the land owner.
PROPERTY TAXES
| Parcel Number | 0174-143-07 | Improvements Assessment | £5,514,558 |
| Land Assessment | £2,230,099 | Total Assessment | £7,744,658 |
PROPERTY TAXES
