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listing
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LandSold
List Price $3,789,868
Sold Price $2,500,000
1045 Parkford Drive
Redlands, CA 92374
Listed by REGINA PARKER [email protected] Keller Williams Realty
MLS: California Regional MLS (CRMLS)
118,951Sq Ft
Est. Mortgage
$19,663/mo

Great Opportunity to own a parcel of land on the 10 Frwy Off Ramp with long term ground lease in place. The Current Tenant has 78 years remaining on the lease. The Tenant built Starbucks, Dominos and Learning Center. You own the land with the Ground lease in place. Ideal purchase for long term investment in a Trust, REIT or Pension Fund. There are bumps in the rent built into the lease, every 5 years (see Rent schedule) and this is a NNN lease Tenants pay all cost associated with the property and Buildings the Tenant constructed on the parcels. The current rent per parcel annually is $69,742.00. Parcel 0174-143-06 is also being sold by the same seller and can be purchased together or separately.

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Information courtesy of Keller Williams Realty is subject to verification and is not guaranteed.
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