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12850 10th Street

Chino, CA 91710
  • $2,350,000
  • STATUS: Active Under Contract
  • ON SITE: 207 Days
  • ID#: TR22034709
Under Contract
UPDATED: 30 min ago
$2,350,000
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

Listing Agent(s): Virginia De La Mora of Century 21 Home (909-591-0158) and Michael Lovelace of Century 21 Home(909-591-0158)


Description

Pride of ownership on this Three freestanding, single story, concrete block and frame/stucco, single and multi tenant dental office buildings with various partially fenced asphalt paved parking areas that are 100% tenant occupied. 12860 Tenth Street is noted to have a partial basement. Currently the subject property is 100% tenant occupied; and it is noted that one of the subject tenants, in 12850 Tenth Street, Space 2, is also a partner within the entity that owns the subject property. This lease is therefore considered to be a related party lease, whereby the tenant and the landlord are related parties. The five tenants are all on modified gross terms, with the tenants paying for their own electric and gas utilities and janitorial; and the landlord pays for water/sewer and trash pick up, maintenance and repair, real estate taxes, fire insurance, management, etc. The 60 Freeway is located approximately 3/4 mile to the north of the subject property, and the 71 Freeway is approximately three miles west. Central Avenue is two blocks to the west of the subject property; and Mountain Avenue is approximately one mile to the east; and both ofthese thoroughfares are on/off ramps from the 60 Freeway. The subject property is located within an older, somewhat mixed use, commercial and residential area, with commercial properties to the south, southwest, southeast and further west; multi family properties to the east and northeast; and single family homes to the west and northwest. The subject property consists of four adjacent interior parcels of land that are located onthe west side of Tenth Street, north of Riverside Drive. There are paved alleys to the south and west of all of the subject parcels. All four of the parcels are of a rectangular shape. Parcel 04 contains approximately 3,737 square feet, or .09 acre, rounded; Parcel 05 contains approximately 7,720 square feet, or .18 acre, rounded; Parcel 06 contains approximately 14,805 square feet, or .34 acre, rounded; and Parcel 07 contains approximately 7,050 square feet, or .16 acre, rounded. The total site size is approximately 33,312 square feet, or .76 acre, Drainage appears to be adequate. Two of the subject buildings, 12850 and 12860 Tenth Street, were reportedly constructed in approximately 1960, per one of the owners; and 12854 Tenth Street was subsequently built later, and an addition to the north side of 12850 Tenth Street was constructed in 1982. 12850 Tenth Street is constructed of concrete.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-25T15:28:31.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
www.betterlivingsocalhomes.com/homes/126239029
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12850 10th Street Chino, CA 91710

  • Price: $2,350,000
  • Status: Active Under Contract
  • On Site: 207 Days
  • Updated: 30 min ago
  • ID#: TR22034709
0
Beds
0
Baths
0
½ Baths
0.76
Acres
1970
Built
Neighborhood:
681 - Chino
County:
San Bernardino
Area:
681 - Chino
Property Description
Pride of ownership on this Three freestanding, single story, concrete block and frame/stucco, single and multi tenant dental office buildings with various partially fenced asphalt paved parking areas that are 100% tenant occupied. 12860 Tenth Street is noted to have a partial basement. Currently the subject property is 100% tenant occupied; and it is noted that one of the subject tenants, in 12850 Tenth Street, Space 2, is also a partner within the entity that owns the subject property. This lease is therefore considered to be a related party lease, whereby the tenant and the landlord are related parties. The five tenants are all on modified gross terms, with the tenants paying for their own electric and gas utilities and janitorial; and the landlord pays for water/sewer and trash pick up, maintenance and repair, real estate taxes, fire insurance, management, etc. The 60 Freeway is located approximately 3/4 mile to the north of the subject property, and the 71 Freeway is approximately three miles west. Central Avenue is two blocks to the west of the subject property; and Mountain Avenue is approximately one mile to the east; and both ofthese thoroughfares are on/off ramps from the 60 Freeway. The subject property is located within an older, somewhat mixed use, commercial and residential area, with commercial properties to the south, southwest, southeast and further west; multi family properties to the east and northeast; and single family homes to the west and northwest. The subject property consists of four adjacent interior parcels of land that are located onthe west side of Tenth Street, north of Riverside Drive. There are paved alleys to the south and west of all of the subject parcels. All four of the parcels are of a rectangular shape. Parcel 04 contains approximately 3,737 square feet, or .09 acre, rounded; Parcel 05 contains approximately 7,720 square feet, or .18 acre, rounded; Parcel 06 contains approximately 14,805 square feet, or .34 acre, rounded; and Parcel 07 contains approximately 7,050 square feet, or .16 acre, rounded. The total site size is approximately 33,312 square feet, or .76 acre, Drainage appears to be adequate. Two of the subject buildings, 12850 and 12860 Tenth Street, were reportedly constructed in approximately 1960, per one of the owners; and 12854 Tenth Street was subsequently built later, and an addition to the north side of 12850 Tenth Street was constructed in 1982. 12850 Tenth Street is constructed of concrete.
Exterior Features

Construction Materials Concrete Fencing BlockWrought Iron Lot Features Drip Irrigation/BubblersNear Public TransitRectangular LotSprinkler SystemStreet LevelLevel Open Parking Spaces 50 Parking Total 50 Roof FlatTar/Gravel Sign On Property YN No Topography Level

Interior Features

Building Features Phone System Cooling Central Air Cooling YN Yes Heating CentralNatural Gas Heating YN Yes

Property Features

Additional Parcels YN Yes Building Name 10 Street Professional Group Business Type DentalMedical Cap Rate 5.5 Common Interest None Current Financing None Electric Electricity - On Property Electric Expense 0 Exclusions Tenants Pay For Electric & GasLandlord Pays For WaterSewer And Trash Gross Scheduled Income 151152 Insurance Expense 5668 Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right With Exception Listing Service Full Service Listing Terms CashCash To New LoanConventionalContractOwner May Carry Maintenance Expense 3500 Net Operating Income 102959 Number Of Units Leased 5 Property Sub Type Office Special Listing Conditions Standard Tax Year 2021 Trash Expense 3257 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 6513 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-25T15:28:31.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.
 
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250 El Camino Real #104
Tustin CA, 92780
Listing Agent(s): Virginia De La Mora of Century 21 Home (909-591-0158) and Michael Lovelace of Century 21 Home(909-591-0158)