Citibank (Dark)

34580 Yucaipa Boulevard, Yucaipa, CA 92399
$2,996,000
Status Available
Price $2,996,000
Cap Rate 9.00%
Price/SF $287
NOI $269,614
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start January 31,2014
Lease Expiration January 31,2024
Building Size 10,428 SF
Lot Size 66,211 SF

Overview

– Located 10 miles east of San Bernardino, San Bernardino County
– Value add opportunity
– No landlord responsibilities
– More than five years remaining on lease term, allowing sufficient time to re-tenant or develop
– Payment and performance is guaranteed by Citibank, N.A. (S&P A)
– Located along Yucaipa Boulevard, Yucaipa’s major retail thoroughfare, off I-10
– Excellent curb appeal with 54 parking spaces on a 1.52 acre lot
– The 2010 census was 51,367 residents, a 25% increase from the 2000 census of 41,207 residents