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631 New Jersey St 5,688 SF 100% Leased Office Building Redlands, CA 92373 $2,042,226 CAD ($359.04 CAD/SF)



Investment Highlights
- The property is fully occupied with three office suites and a separately leased warehouse area.
- The southwest corner location offers strong visibility at the intersection of New Jersey Street and Rancho Drive.
- The building combines office and warehouse functionality within a single commercial asset.
- All tenants operate under month-to-month lease agreements, providing future occupancy flexibility.
- The property includes 19 off-street parking spaces for tenants and visitors.
- EV/IC zoning supports commercial-industrial uses under the East Valley Corridor Specific Plan.
Executive Summary
631 New Jersey Street presents the opportunity to acquire a fully occupied multi-tenant office property with an attached warehouse in Redlands, California. Situated on approximately 0.49 acres at the southwest corner of New Jersey Street and Rancho Drive, the property benefits from strong visibility and convenient access within the city's East Valley Corridor area. The building contains three office suites and a separate warehouse component, with each area leased independently, providing diversified occupancy across multiple tenants.
All tenants currently occupy the property on month-to-month lease terms, offering flexibility for an investor seeking to maintain the existing tenancy structure or for an owner-user pursuing future occupancy options. The property includes 19 off-street parking spaces and has been maintained in attractive condition. The combination of office and warehouse functionality supports a variety of commercial uses, while the EV/IC zoning designation under the East Valley Corridor Specific Plan provides a commercial-industrial planning framework within the City of Redlands. The asset's location, flexible occupancy structure, and mixed-use layout create a compelling opportunity for buyers seeking income-producing real estate with future operational flexibility.
All tenants currently occupy the property on month-to-month lease terms, offering flexibility for an investor seeking to maintain the existing tenancy structure or for an owner-user pursuing future occupancy options. The property includes 19 off-street parking spaces and has been maintained in attractive condition. The combination of office and warehouse functionality supports a variety of commercial uses, while the EV/IC zoning designation under the East Valley Corridor Specific Plan provides a commercial-industrial planning framework within the City of Redlands. The asset's location, flexible occupancy structure, and mixed-use layout create a compelling opportunity for buyers seeking income-producing real estate with future operational flexibility.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,688 SF
Building Class
B
Year Built
1988
Price
$2,042,226 CAD
Price Per SF
$359.04 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,688 SF
Building FAR
0.27
Lot Size
0.49 AC
Zoning
EV/IC - East Valley Industrial Commercial
Parking
19 Spaces (2.68 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Reception
- Storage Space
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0292-310-27 | Improvements Assessment | $1,689,702 CAD |
| Land Assessment | $587,722 CAD | Total Assessment | $2,277,424 CAD |
Property Taxes
Parcel Number
0292-310-27
Land Assessment
$587,722 CAD
Improvements Assessment
$1,689,702 CAD
Total Assessment
$2,277,424 CAD
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631 New Jersey St
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