5391 Moreno Street
5391 Moreno Street Montclair, California 91763 United States

$30,995,000
 Get directions
 
**ASSUMABLE LOAN AT 5.12% INTEREST ONLY (ABOUT 2% BELOW MARKET) FIXED UNTIL 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!!** We are pleased to present for sale, the Montclair East Shopping Center; a 100% leased professionally...
$30,995,000
Change Currency
8.81 Acres
Exterior
Commercial
Property type
1993
Year Built
OC22245652
Web Id
OC22245652
MLS ID
Ontario-Montclair
School District
75
days ago

About 5391 Moreno Street

**ASSUMABLE LOAN AT 5.12% INTEREST ONLY (ABOUT 2% BELOW MARKET) FIXED UNTIL 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!!** We are pleased to present for sale, the Montclair East Shopping Center; a 100% leased professionally managed Southern California shopping plaza with 85%+ of its square footage leased to national credit brand tenants (i.e., Ross, DDs, Dollar Tree, Best Buy, Five Below, and Hibbett Sports just to name a few) that are all paying rent. Most of these national credit tenants have long term historical occupancy. This center is located at 5391-5467 Moreno St. Montclair, CA 91763. This 9.56 acre property is made up of a healthy tenant mix that is well positioned for the local demographics. This center has great Freeway frontage & visibility right off the 10 Freeway and is located right next to Montclair Place, a recently modernized & updated indoor mall. Montclair East Shopping Center features freeway visible monument signage, ample parking, high foot traffic and excellent ingress/egress access with freeway on ramps & off ramps at Central Ave. This center can be easily accessed from both Los Angeles and the Inland Empire. This thriving center has significant rental upside and not to mention can be purchased way below replacement cost. This is the perfect investment opportunity for an investor as a 1031 exchange upleg property or to purchase with fresh money and add to your portfolio as a safe, secure, and highly stabilized high foot traffic investment with low management, risk, and headaches!Once again, one of the best attributes about this investment is that a buyer has an opportunity to purchase this property by assuming the current loan with an interest rate thats almost 2% below market with an interest only rate of 5.12% that's fixed until mid-2028 for great cash flow starting from day one!All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence.NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING LISTING OFFICE FIRST TO DISCUSS FURTHER.

Listing Courtesy of Alliance Investment RE Group

PROPERTY INFORMATION

Water
Public

EXTERIOR

Lot Description
6-10 Units/Acre
Listing Courtesy of Alliance Investment RE Group
Listing Courtesy of Alliance Investment RE Group
Contact Agent