Bernardine Senior Independent Living 363 E Gilbert St 71 Unit Apartment Building $15,056,690 CAD ($212,066 CAD/Unit) 6.14% Cap Rate San Bernardino, CA 92404

CBRE is pleased to present the opportunity to acquire Bernardine Senior, a 71-unit Independent Living 55+ senior community located in the city of San Bernardino, California. Built in 1984 and situated on 1.05 acres, the property is comprised of a single four-story rental building that houses a unit mix of all one-bedroom floorplans ranging from 480 to 520 square feet. The property offers an affordable component with Section 8. The community offers comprehensive common area amenities including a multi-purpose room, elevator, laundry room, storage area, courtyards, walkways, fitness center, surface parking, and controlled access.
Bernardine Senior Independent Living is well located less than one block northeast of the intersection of Baseline Street and Waterman Avenue, both major throughfares that traverse the area. The property is convenient to medical facilities, grocery stores, shopping, dining, and service-based businesses as well as enjoying easy access to numerous area freeways including the I-215, 210 Freeway, and I-10, which connect residents to the retail, entertainment, dining, and employment centers found throughout San Bernardino and the entire Inland Empire region.