100% Leased Multi-Tenant Flex Center

165 W Hospitality Ln, San Bernardino, CA 92408

  • For Sale $7,450,000
  • 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 Dec 10, 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 $1.31/SF (Modified Gross). Priced at just $168/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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Contacts

broker
Greg Bedell, CCIM

Progressive Real Estate Partners

Location

Getting Around

  • Walk Score ®

    38/100 Car-Dependent

  • Transit Score ®

    34/100 Some Transit

  • Bike Score ®

    59/100 Bikeable
Powered by Walk Score ®
  • City San Bernardino, CA
  • Neighborhood Show Place
  • Zip Code 92408
  • Market Inland Empire

Points of Interest

  • San Bernardino–Tippecanoe

    1.58 miles

  • San Bernardino Depot

    2.99 miles

  • Redlands–Esri

    5.17 miles

  • Riverside–Hunter Park/UCR

    5.40 miles

  • Redlands–Downtown

    5.93 miles

  • Redlands–University

    6.92 miles

  • Chevron

    0.41 miles

  • Costco Gasoline

    1.27 miles

  • Vred

    1.40 miles

  • 7-Eleven

    1.44 miles

  • San Bernardino Supercharger

    1.48 miles

  • eVgo

    1.48 miles

  • Arco

    1.66 miles

  • San Bernardino CNG Fueling Station

    1.99 miles

  • Mobil

    2.21 miles

  • Valero

    2.43 miles

  • Patient Parking Structure

    1.67 miles

  • Dental Patient Parking

    1.70 miles

  • LLUMC Valet Parking Lot

    1.77 miles

  • (handicapped)

    2.26 miles

  • Loma Linda VA Employee Parking Garage

    2.42 miles

  • City Hall Public Parking Sctructure

    2.66 miles

  • 2 Hour Public Parking

    2.77 miles

  • Carousel Mall Parking Structure

    2.80 miles

  • ER Parking

    3.73 miles

  • North Parking Lot

    4.05 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

  • ALDI

    0.79 miles

  • Target

    0.93 miles

  • Stater Bros.

    1.12 miles

  • JCPenney

    1.40 miles

  • Inland Center

    1.48 miles

  • Macy's

    1.51 miles

  • Walmart Supercenter

    1.57 miles

  • Loma Linda Market Juice Bar

    1.84 miles

  • Loma Linda Market

    1.86 miles

  • Clark's Nutrition and Natural Foods Markets

    2.75 miles

  • SAN BERNARDINO STATION #231

    0.66 miles

  • CHP - Inland Division

    1.14 miles

  • Kaiser Permanente Colton

    1.18 miles

  • San Bernardino Police Department - Inland Center Substation

    1.53 miles

  • Loma Linda University Medical Center

    1.70 miles

  • Loma Linda University Children's Hospital

    1.72 miles

  • San Bernardino County Fire Department County Community Safety Division Building

    1.75 miles

  • Colton Fire Station 211

    1.96 miles

  • San Bernardino Community College District Police

    2.04 miles

  • Colton Police Department

    2.13 miles

Frequently Asked Questions

How much does 100% Leased Multi-Tenant Flex Center cost?

The space currently listed for sale at 100% Leased Multi-Tenant Flex Center asks for $7,450,000.

What is the total square footage of 100% Leased Multi-Tenant Flex Center?

100% Leased Multi-Tenant Flex Center totals 44,291 square feet.

When was this property built?

100% Leased Multi-Tenant Flex Center was built in 1981.

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Contact Listing Broker
broker
Greg Bedell, CCIM

Progressive Real Estate Partners