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Cardenas & Shops 3251-3333 W Ramsey st 40,812 SF 100% Leased Retail Building Banning, CA 92220 $8,283,949 CAD ($202.98 CAD/SF) 8.46% Cap Rate
Investment Highlights
- Southern California Grocery Anchored Center
- Below-Market In-Place Rents – Current rents across the shop component are below prevailing market levels
- Neighborhood Grocery Center & Commuter Pit-Stop Destination – Strategically located on the I-10 Freeway
- Additional 2.8 Acres of Developable Land
- Favorable Site Coverage & Parking – Traditional grocery center layout with strong parking ratios
Executive Summary
* Southern California Grocery Anchored Center - The subject property anchored by Cardenas Markets, alonside Dollar Tree (NAP), Harbor Freight (NAP) and AutoZone (NAP), represents a rare opportunity to acquire a highly functional grocery-anchored retail asset with adjacent shop space in a supply-constrained Inland Empire trade area.
* Additional 2.8 Acres of Developable Land – Three separate parcels, located immediately adjacent and in front of Cardenas Market, available for immediate ground lease or build to suit.
* Below-Market In-Place Rents – Current rents across the shop component are below prevailing market levels, providing meaningful mark-to-market upside through lease roll, renewals, and re-tenanting.
* Favorable Site Coverage & Parking – Traditional grocery center layout with strong parking ratios, efficient ingress/egress, and a front-loaded parking field that supports high peak-hour demand.
* Neighborhood Grocery Center & Commuter Pit-Stop Destination – Strategically located on the I-10 Freeway along the primary route between LA/OC and Palm Springs, Stagecoach Plaza meets the needs of the surrounding Banning community and also serves as a convenient commuter stop
* Additional 2.8 Acres of Developable Land – Three separate parcels, located immediately adjacent and in front of Cardenas Market, available for immediate ground lease or build to suit.
* Below-Market In-Place Rents – Current rents across the shop component are below prevailing market levels, providing meaningful mark-to-market upside through lease roll, renewals, and re-tenanting.
* Favorable Site Coverage & Parking – Traditional grocery center layout with strong parking ratios, efficient ingress/egress, and a front-loaded parking field that supports high peak-hour demand.
* Neighborhood Grocery Center & Commuter Pit-Stop Destination – Strategically located on the I-10 Freeway along the primary route between LA/OC and Palm Springs, Stagecoach Plaza meets the needs of the surrounding Banning community and also serves as a convenient commuter stop
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
40,812 SF
Year Built
1972
Price
$8,283,949 CAD
Price Per SF
$202.98 CAD
Cap Rate
8.46%
NOI
$700,925 CAD
Percent Leased
100%
Building Height
1 Story
Zoning
GC-General Commercial
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,801,484 CAD | |
| Land Assessment | $3,173,882 CAD | Total Assessment | $4,975,365 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,173,882 CAD
Improvements Assessment
$1,801,484 CAD
Total Assessment
$4,975,365 CAD
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Cardenas & Shops | 3251-3333 W Ramsey st
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