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14,400 SF Industrial / Warehouse | | Turnkey 199 Hillcrest Ave 14,400 SF Industrial Building San Bernardino, CA 92408 $3,594,500 CAD ($249.62 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Turnkey industrial with 1,200-amp 480 V power — delivered remodeled, vacant, and ready Q4 2025. Concept drawings showcase a modern,
- in a submarket where upgraded midsize inventory is scarce.
- Seller Financing up to 50% LTV
- High-efficiency warehouse layout with new finishes, updated systems, and strong logistics access. An exceptional owner-user or investor opportunity
- Asking $2,600,000 - ($180 per SF) - Market Range is $2.8 M – $3.15 M ($197 – $221 per SF)
EXECUTIVE SUMMARY
14,400 SF Industrial / Warehouse | | Turnkey with Remodel in Progress
Turnkey industrial with 1,200-amp 480 V power — delivered remodeled, vacant, and ready Q4 2025.
Concept drawings showcase a modern, high-efficiency warehouse layout with new finishes, updated systems, and strong logistics access. An exceptional owner-user or investor opportunity in a submarket where upgraded midsize inventory is scarce.
A rare heavy-power industrial asset with flexible use potential.
The property is currently undergoing a complete interior and exterior remodel (completion Q4 2025) — and will be delivered vacant and turnkey with concept drawings available for buyer review.
Located just minutes from the I-10 and I-215 interchanges and San Bernardino International Airport, this site offers prime access for logistics, fabrication, or specialized manufacturing. Equipped with 1,200 amps @ 480 V 3-phase power and flexible access. This property is plug-and-play—ideal for light manufacturing, distribution, fabrication, or energy-intensive users seeking rare heavy power in the Inland Empire.
Property Highlights
Total Building: ˜ 14,400 SF on ˜ 25,250 SF lot (0.58 acres)
Power: 1,200 amps @ 480 V 3-phase (2025 upgraded service)
Ceiling Height: 12 ft clear
Roll-Up Doors: 3 grade-level bays (12’×12’)
Office Area: ˜ 1,287 SF (front offices + restrooms)
Warehouse Area: ˜ 12,948 SF (open clear span)
Parking: ˜ 18 striped stalls + street parking
Zoning: IL (Light Industrial) — Warehouse & Manufacturing by right
Condition: Full remodel in progress – concept drawings and spec package available upon request
Expected Delivery: Vacant / Turnkey Completion Q4 2025
Ingress / Egress: Two curb cuts with direct street access to office & bays
Fire / Safety: Hydrant at curb / sprinkler-ready infrastructure
Utilities: City water + sewer + natural gas
Location: Less than 1 mile to I-10 / I-215 / SB International Airport
Investment Summary
Metric Detail
Asking Price $2,600,000 (~$180 per SF)
Market Range $2.8 M – $3.15 M ($197 – $221 per SF)**
Pro-Forma Cap Rate ~7 % on market rents ($1.25–$1.45 SF NNN)**
Occupancy Vacant / Remodel Completion Q4 2025**
Year Built / Renovated 1968 / 2025 (full renovation in progress)**
Submarket San Bernardino Industrial – Central IE Corridor**
Nearest Highways I-10 (½ mi), I-215 (1 mi), SR-210 (2 mi)**
Turnkey industrial with 1,200-amp 480 V power — delivered remodeled, vacant, and ready Q4 2025.
Concept drawings showcase a modern, high-efficiency warehouse layout with new finishes, updated systems, and strong logistics access. An exceptional owner-user or investor opportunity in a submarket where upgraded midsize inventory is scarce.
Turnkey industrial with 1,200-amp 480 V power — delivered remodeled, vacant, and ready Q4 2025.
Concept drawings showcase a modern, high-efficiency warehouse layout with new finishes, updated systems, and strong logistics access. An exceptional owner-user or investor opportunity in a submarket where upgraded midsize inventory is scarce.
A rare heavy-power industrial asset with flexible use potential.
The property is currently undergoing a complete interior and exterior remodel (completion Q4 2025) — and will be delivered vacant and turnkey with concept drawings available for buyer review.
Located just minutes from the I-10 and I-215 interchanges and San Bernardino International Airport, this site offers prime access for logistics, fabrication, or specialized manufacturing. Equipped with 1,200 amps @ 480 V 3-phase power and flexible access. This property is plug-and-play—ideal for light manufacturing, distribution, fabrication, or energy-intensive users seeking rare heavy power in the Inland Empire.
Property Highlights
Total Building: ˜ 14,400 SF on ˜ 25,250 SF lot (0.58 acres)
Power: 1,200 amps @ 480 V 3-phase (2025 upgraded service)
Ceiling Height: 12 ft clear
Roll-Up Doors: 3 grade-level bays (12’×12’)
Office Area: ˜ 1,287 SF (front offices + restrooms)
Warehouse Area: ˜ 12,948 SF (open clear span)
Parking: ˜ 18 striped stalls + street parking
Zoning: IL (Light Industrial) — Warehouse & Manufacturing by right
Condition: Full remodel in progress – concept drawings and spec package available upon request
Expected Delivery: Vacant / Turnkey Completion Q4 2025
Ingress / Egress: Two curb cuts with direct street access to office & bays
Fire / Safety: Hydrant at curb / sprinkler-ready infrastructure
Utilities: City water + sewer + natural gas
Location: Less than 1 mile to I-10 / I-215 / SB International Airport
Investment Summary
Metric Detail
Asking Price $2,600,000 (~$180 per SF)
Market Range $2.8 M – $3.15 M ($197 – $221 per SF)**
Pro-Forma Cap Rate ~7 % on market rents ($1.25–$1.45 SF NNN)**
Occupancy Vacant / Remodel Completion Q4 2025**
Year Built / Renovated 1968 / 2025 (full renovation in progress)**
Submarket San Bernardino Industrial – Central IE Corridor**
Nearest Highways I-10 (½ mi), I-215 (1 mi), SR-210 (2 mi)**
Turnkey industrial with 1,200-amp 480 V power — delivered remodeled, vacant, and ready Q4 2025.
Concept drawings showcase a modern, high-efficiency warehouse layout with new finishes, updated systems, and strong logistics access. An exceptional owner-user or investor opportunity in a submarket where upgraded midsize inventory is scarce.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$262,786
|
$18.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,883
|
$0.55
|
| Effective Gross Income |
$254,903
|
$17.70
|
| Taxes |
$41,475
|
$2.88
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$41,475
|
$2.88
|
| Net Operating Income |
$213,428
|
$14.82
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $262,786 |
| Annual Per SF | $18.25 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,883 |
| Annual Per SF | $0.55 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $254,903 |
| Annual Per SF | $17.70 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,475 |
| Annual Per SF | $2.88 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,475 |
| Annual Per SF | $2.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $213,428 |
| Annual Per SF | $14.82 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Yard
- Storage Space
- Air Conditioning
UTILITIES
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
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PROPERTY TAXES
| Parcel Number | 0141-281-11 | Total Assessment | $2,279,725 CAD |
| Land Assessment | $906,709 CAD | Annual Taxes | $41,475 CAD ($2.88 CAD/SF) |
| Improvements Assessment | $1,373,016 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0141-281-11
Land Assessment
$906,709 CAD
Improvements Assessment
$1,373,016 CAD
Total Assessment
$2,279,725 CAD
Annual Taxes
$41,475 CAD ($2.88 CAD/SF)
Tax Year
2025
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14,400 SF Industrial / Warehouse | | Turnkey | 199 Hillcrest Ave
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