Cope Building | Redlands, CA

21,151 SF | 100% Leased | Retail Building | Redlands, CA 92373 | $5,700,000 ($269/SF) | 6.80% Cap Rate

Date Added:
September 16, 2024
Days on Market:
2 days

Asking Price $5,700,000

Property Type
Retail
Square Feet
21,151 SF
Price / Square Foot
$269

Listing Contacts

Bill Asher
Bill Asher
Verified Profile
Jeff Lefko
Jeff Lefko
Verified Profile
Geoffrey DeWolf
Geoffrey DeWolf
Verified Profile
Steve Economos
Steve Economos
Verified Profile
  • Property Info

Property Overview

Irreplaceable Historic Southern California Opportunity | Internet-Resistant Tenant Mix | Dynamic Downtown Redlands Location

Property Details

Class
B
Year Built/Renovated
1903/1988
Stories
3
Property Subtype
Storefront Retail/Office
Lot Size (sq. ft)
9,583 SF

Highlights

  • Prime Retail Investment Opportunity in the Heart of Downtown Redlands; 21,147 Square-Feet; Historic Cope Building (Retail and Office)
  • Stable Existing Tenancy: 53% of the occupied square footage has been operating at the property for 8+ years
  • Located in the Heart of Historic Downtown Redlands; a Destination Shopping Location Filled with Boutique Shops & Gourmet Restaurants
  • Incredible Location on Walk-Friendly Citrus Avenue That Backs Up to Orange Street Alley (“Umbrella Alley”), a Popular Year-Round Attraction
  • 1-Mile from the University of Redlands, a Private Liberal Arts University (3,400+ Students)
  • Dense, Affluent, Demographics: Over 144,000 ppl with average household incomes in excess of $115,000 within a 5-mile radius of the subject property

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