5391 Moreno Street Montclair, CA $ 26,995,000
5391 Moreno Street
$ 26,995,000
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5391 Moreno Street

Montclair, CA, 91763
$ 26,995,000
Baths0.0 Sq 135,980

Monthly Estimate*

$ 188,568

Listed by Alliance Investment RE Group
5391 Moreno Street, Montclair, CA 91763 - Image 1
5391 Moreno Street, Montclair, CA 91763 - Image 2
5391 Moreno Street, Montclair, CA 91763 - Image 3
5391 Moreno Street, Montclair, CA 91763 - Image 4
5391 Moreno Street, Montclair, CA 91763 - Image 5
5391 Moreno Street, Montclair, CA 91763 - Image 6
5391 Moreno Street, Montclair, CA 91763 - Image 7
5391 Moreno Street, Montclair, CA 91763 - Image 8
5391 Moreno Street, Montclair, CA 91763 - Image 9
5391 Moreno Street, Montclair, CA 91763 - Image 10
5391 Moreno Street, Montclair, CA 91763 - Image 11
5391 Moreno Street, Montclair, CA 91763 - Image 12
5391 Moreno Street, Montclair, CA 91763 - Image 13
Studio

Commercial Property for sale in Montclair, CA

for $26,995,000. This 135,980 square foot building was built in 1993 on a lot size of 9.56.

VALUE ADD OPPORTUNITY! SUBMIT ALL OFFERS!! PROPERTY CAN BE PURCHASED UNDER $200 SQ FT -- WHICH IS SUBSTANTIALLY WAY BELOW REPLACEMENT COST!! ASSUMABLE NON RECOURSE LOAN AT 5.12% INTEREST ONLY (ABOUT 3% BELOW MARKET) FIXED UNTIL MID 2028 WHICH MAKES THIS ONE OF THE BEST OPPORTUNITIES ON THE MARKET!! ALLIANCE INVESTMENT REAL ESTATE GROUP is pleased to present for sale, the Montclair East Shopping Center that is professionally managed Southern California shopping plaza with majority of its square footage space leased to national credit brand tenants (i.e., Ross, Dollar Tree, Best Buy, Five Below, and Hibbett Sports to name just 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 SUBSTANTIALLY 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! SUBMIT ALL OFFERS! 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 that’s almost 3% below market at a interest only rate of 5.12% that's fixed until mid-2028 for great cash flow starting from day one! Property can be purchased UNDER $200 per sq ft which is way SUBSTANTIALLY below replacement cost!! Agent / Broker of Record takes no responsibility for the accuracy of this information. 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 US FIRST TO DISCUSS AT: 949-250-0400.

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Commercial Active

Price

$ 26,995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

9.56

Year Built

1993

Town/City

Montclair

County/Region

San Bernardino

MLS | Web ID

OC22245652

Days on Market

547

Features
Exterior
Lot Features Item610UnitsAcre
Water Source Public
Lot Size Area 416433.0
Spa N
Building Area Total 135980.0
Lot Size Acres 9.56
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Year Built 1993
Property SubType Retail
Business Type Retail
Additional Parcels Description 1008201230000
County San Bernardino
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions 10 Freeway & Central Ave
City Montclair
View Y/N N
Senior Community Y/N N
MLS Area 685 - Montclair
Lot Size Square Feet 416433.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Moreno
Listing Terms CashtoExistingLoan Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing Assumable
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 538
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Retail
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features None
Electric On Property Y/N N
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Internal Only
Street Number 1 5391
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* Excluded Features
List By
Alliance Investment Re Group

Broker

(949) 250-0400

Phone

Affordability Calculator

$188,568
Per Month
100%
0%
0%
Monthly Principal & Interest
$188,568
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/20/2023$26,995,000 -2.53% Price Down
6/2/2023$27,695,000 -1.07% Price Down
3/17/2023$27,995,000 -6.67% Price Down
3/11/2023$29,995,000 -3.23% Price Down
11/22/2022$30,995,000 Listed Price

Map


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5391 Moreno Street, Montclair, CA, 91763 is a Commercial Property for sale at $26,995,000 with 135,980 sqft and a lot size of 9.56. 5391 Moreno Street is a studio with 0.0 baths and was built in 1993. The property's zip code is 91763 which is in Montclair, CA