219-231 26383 S Baseline Riverside St, Ave Highland, Rialto, CA 92376 92346 Rialto, San Highland Bernardino & San County Bernardino Area Area Retail Industrial - Office RE/MAX Commercial DRE: 01903052 790 Ferrari Ln., Ontario CA 91764 T 951.878.8995 F 909.989.0288 www.50sqft.com/219 PAGE
Patrick has worked in Southern California real estate for thirty years. The experience in all those years is valuable in any transaction he is involved with. PATRICK ARBALLO Commercial Associate Lic. 00963124 T 951.878.8995 patarballo@gmail.com Patrick started his career in the residential real estate industry with a lo-cal Century 21 firm while also attending Cal Poly Pomona. It was quickly evident after becoming a top producing agent with residential sales his skills would be better utilized helping commercial real estate owners achieve their goals. ASSOCIATE S RESUME Patrick expanded his career in the commercial real estate market in 2000. Patrick has found his greatest interest working with industrial properties. Patrick is always helping his client s property value increase by utilizing his expertise in leasing and management. Leasing, buying or selling real estate is simple as long as you listen to the client and understand what is their ultimate goal. PAGE 2
WHY REMAX COMMERCIAL - A BETTER WAY RE/MAX Commercial closes more than $11.1 Billion in total commercial volume from over 25,000 transactions annually.* More than 3,000 RE/MAX Commercial Brokers work in more than 50 countries and territories. The RE/MAX network includes more than 550 Commercial officers and divisions. 26,062 SIDES in total number of sides globally. RE/MAX Commercial, part of the world s most productive real estate network, is a leader in the commercial and investment arenas. Whatever the property and whatever the transaction, RE/MAX Commercial delivers a level of awareness, trust and confidence that competitors simply can t match. RE/MAX Commercial Brokers have access to the industry s top training system, corporate support services and a powerful referral network more than 110,000 Sales Associates. And a presence in over 100 countries and territories. What does this mean for you? A better way in Commercial Real Estate. Tell us what you need, and we ll get it done. With a combined experience of more than 40-years of professionalism and customer focus, we understand the long-term value of every transaction, large or small. Work with us once and you ll realize the competitive advantages we bring to the table. RE/MAX has become one of the most dynamic names in the commercial sector. We re constantly building market share, and there s a very good reason for that. We get unparalleled results for our clients clients just like you. Our mission is to deliver superior results for stakeholders by: Putting the client first Always. Collaborating across markets and service lines. Thinking innovatively, but acting practically. Providing a rewarding work environment. Whether it is a local, national or global assignment, RE/MAX applies insight, experience, intelligence, and resources to help clients make informed real estate decisions. RE/MAX s strengths, which are applied to every transaction towards client relationships, include: An intimate knowledge of virtually every major market in the world Intellectual capital and technology resources that develop and deliver superior analytical, research and client services tools to its professionals A proven track record of meeting diverse client needs Leadership positions in all service lines An organizational structure that harnesses the firm s collective expertise WHY REMAX COMMERCIAL PAGE 3
PROPERTY SUMMARY PRICE $2,284,999 PRICE / SF BUILDING SIZE LOT SIZE TOTAL APN: 0130-291-45-0000 APN: 0130-291-12-0000 $74.43 / SF 19,170 +/- SF plus 11,600 SF Basement 52,700 +/- SF 41,950 +/- SF 3,250 +/- SF EXECUTIVE SUMMARY S. Riverside Ave. APN: 0130-291-23-0000 ZONING ZONING OVERLAY YEAR BUILT 1952 INVESTMENT SUMMARY 7,500 +/- SF C-M: Commercial Manufacturing Rialto Central Area Specific Plan RE/MAX 2000 Commercial is excited to present for sale The Rialto Business Center. This is a multi-tenant retail and office building located in downtown Rialto, California. The building is 19,170 SF with a 11,600 SF basement. Value-add basement with potential storage units (buyer must verify with city). Up to 85 storage units with about 8,000 SF of rental space may be added to the basement (please check with city for permitted use). PAGE 4
S. Riverside Ave. Rent Roll Unit No. Tenant Type Rent/Month Tenant Since 219 S Riverside Ave 219 Retail $ 1,635.00 5/1/2015 221 S Riverside Ave. 221 Retail $ 1,175.00 6/1/2013 A Retail $ 475.00 6/1/2013 223 South Riverside Ave 223 Retail $ 760.00 1/26/2016 A Retail $ 1,250.00 1/1/2012 225 South Riverside Ave 1 Office $ 590.00 6/1/2017 2,4,5,6,8 Office $ 1,550.00 1/1/2018 3,7,9 Office $ 780.00 1/1/2017 11 Office $ 778.00 5/1/2015 10 Office $ 2,300.00 12/1/2017 227 South Riverside Ave. 227 Retail $ 760.00 2/1/2016 A Retail $ 840.00 4/12/2014 Unit No. Tenant Type Rent/Month Tenant Since 229 South Riverside Ave A Office $ 250.00 1/1/2011 B Vacant $ 85.00 C Office $ 162.00 10/1/2009 D Office $ 180.00 9/1/2017 E Office $ 325.00 6/1/2015 F Office $ 385.00 10/1/2016 G Office $ 335.00 6/1/2015 H Office $ 250.00 J Office $ 550.00 2/1/2018 K Vacant $ 350.00 L & M Office $ 450.00 7/1/2014 N Office $ 350.00 1/1/2017 P Vacant $ 50.00 2A Office $ 428.00 4/15/2010 231 S Riverside Ave. 231 Retail $ 550.00 8/1/2015 Total Current Gross Income: $ 17,108.00 EXECUTIVE SUMMARY PAGE 5
PROPERTY HIGHLIGHTS 26383 Baseline St, Highland, CA 92346 219-231 S Riverside Ave Rialto, CA 92376 PAGE 7
PROPERTY FEATURES Great investor opportunity with excellent cash flow New owner has the ability to expand rentable space in the basement, possibly adding 11,000 SF of RSF. Excellent mix of tenants. Consisting of retail, office and warehouse. Multiple tenants reduce the vacancy risk factor. PROPERTY FEATURES Located just off of the I-10 in Rialto California. Close proximity to I-10 and I-210 freeways. Well maintained building with long term tenants. Opportunity for a value-add basement with potential storage units (buyer must verify with city). Office building has various sized offices and conference room. PAGE 8
AREA DESCRIPTION A Place for Fun, A Place for Commerce Rialto is a city in San Bernardino County, California. According to Census Bureau estimates, the city had a population of 99,171 in 2010. Rialto is home to four major regional distribution centers: Staples Inc., which serves stores across the entire West Coast of the United States, Under Armour and Target in the northern region of the city. One of the United States largest fireworks companies, Pyro Spectaculars, is also headquartered in Rialto. every 2,600 yards (2,400 m) and by the fall of that year over 25 new towns were being built. This same year the Semitropic Land and Water Company was formed to organize the purchase and selling of real estate, water, and water rights and privileges. Rialto s population growth had increased to 3,156 by 1950. In 1956 the population soared to 15,359. By 1964 it showed increase to 23,290 and 33,500 in 1978. Rialto is 4 miles (6.4 km) wide and 8.5 miles (13.7 km) long. Rialto s population grew from 80,000 in 1994 to over 91,873 in 2000, to 99,171 as of the 2010 census and to the estimated amount of 103,132. AREA DESCRIPTION Ancient artifacts discovered by archaeologists suggest that what is now the city of Rialto was settled prior to 1500. Such artifacts, now found at the Rialto Historical Society, indicate that the Serrano Indians lived in the Rialto area between 1500 and 1800 AD. There is no indication as to where these Indians went or why. In 1842, the Lugo family was granted the Rancho San Bernardino-a holding of 37,700 acres-which encompassed Rialto. In 1851, the Mountain Family purchased part of the Lugo family s Rancho San Bernardino, and claimed several other portions of the bench which later became known as Rialto. This claim was later amended by the United States Government, permitting them a smaller fraction of the initial purchase. Rialto s town site was laid out in 1887 by the Semi- Tropic Land and Water Company, after the Santa Fe Railroad was extended between San Bernardino and Los Angeles. Along the line, townsites were located PAGE 9
AERIAL 26383 Baseline St, Highland, CA 92346 219-231 S Riverside Ave Rialto, CA 92376 PAGE 10
DEMOGRAPHIC INFO 26383 Baseline St, Highland, CA 92346 219-231 S Riverside Ave Rialto, CA 92376 PAGE 11
:: NOT TO SCALE PARCEL MAP PAGE 12
Copyright 2018 RE/MAX 2000 - COMMERCIAL This is a market analysis, not an appraisal and was prepared by a licensed real estate broker or associate broker, not a licensed appraiser. In making any decisions that rely upon this broker opinion of value or broker s price opinion by RE/MAX 2000 - COMMERCIAL (RE/MAX), you should know that the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice have not been incorporated. This broker opinion of value or broker s price opinion of Subject Property, prepared for Ownership is based upon information obtained from Ownership and/or others and is for their use. While we do not doubt its accuracy, we have not verified the information and make no guarantee, warranty or representation about it. This letter/proposal is intended solely as a preliminary expression of general intentions and is to be used for discussion purposes only. The parties intend that neither shall have any contractual obligations to the other with respect to the matters referred herein unless and until a definitive agreement has been fully executed and delivered by the parties. The parties agree that this letter/ proposal is not intended to create any agreement or obligation by either party to negotiate a definitive lease/purchase and sale agreement and imposes no duty whatsoever on either party to continue negotiations, including without limitation any obligation to negotiate in good faith or in any way other than at arm s length. Prior to delivery of a definitive executed agreement, and without any liability to the other party, either party may (1) propose different terms from those summarized herein, (2) enter into negotiations with other parties and/or (3) unilaterally terminate all negotiations with the other party hereto. FOR MORE INFORMATION AND TO COORDINATE A TOUR OF THE PROPERTY, PLEASE CONTACT PATRICK ARBALLO. PATRICK ARBALLO Commercial Associate Lic. 00963124 T 951.878.8995 patarballo@gmail.com RE/MAX 2000 - COMMERCIAL Broker License: 01903052 790 Ferrari Ln Ontario CA 91764 T 909.294.2592 F 909.989.0288 PAGE 13