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
Verified Profile
Jeff Lefko
Verified Profile
Geoffrey DeWolf
Verified Profile
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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