San Bernardino, Commercial for Sale – 13738 Bear Valley Rd, Victorville, CA 92392, USA -001-11-30T00:00:00-08:00
Liberty Village Center is a well maintained, 94 % occupied neighborhood shopping center, shadow anchored by Rite-Aid Pharmacy and Stater Bros Supermarket, located in Victorville, CA. The tenants of Liberty Village Center consist food, retail and service prov
13738 Bear Valley Rd, Victorville, CA 92392, USA
$7,600,000 USD
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Address13738 Bear valley Road, Victorville
Property SubtypeRetail
Price$7,600,000
Property TypeCommercial Sale
Year Built1992
Bedrooms Total0
Living Area21,800 ft2
Listing IDCV17028769
StatusActive
Parcel Number3095241630000
Special ConditionsStandard
Days on Market71

Detailed Description: Liberty Village Center is a well maintained, 94 % occupied neighborhood shopping center, shadow anchored by Rite-Aid Pharmacy and Stater Bros Supermarket, located in Victorville, CA. The tenants of Liberty Village Center consist food, retail and service providers, including Metro PCS, Little Caesar’s Pizza, Baja Taco, Amber’s Dry-Cleaning, My Lady Nail, Mail Master +, Smoke Shop, Royal Tax, Cash 4 Gold, Family Cuts, Liberty Dental, Shoe Store, Hanabi Sushi, T-Shirt and a Wells Fargo ATM. The ideal tenant mix consists of essential “daily needs” and convenience oriented retailers. The combination of under market rents and gross leases provide a realistic value-add opportunity when existing rents are taken to market levels. Profit potential through break up strategy as property is separately parceled. The subject property is strategically located at the signalized hard corner intersection of Bear Valley Road and Amethyst Road (51,375 combined vehicles per day and one mile from Interstate 15 (100,250 VPD). Bear Valley Road is a major East-West corridor with many national tenants creating strong tenant synergy and crossover foot traffic. It is located within close proximity to The Mall of Victor Valley, home to many national tenants including Sears, Dick’s Sporting Goods, JC Penny, Cinemark, and Macy’s. 63% of income stream has been in place for more than 10 years.

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Address Information
Address13738 Bear valley Road, Victorville
Street SuffixRoad
CityVictorville
Location (MLS Area)VIC – Victorville
County Or ParishSan Bernardino
Postal Code92392
CountryUnited States
Financial Information
Price per Square Foot$348.62
Special ConditionsStandard
Total Expenses$151,026
Operating Expense$151,026
Insurance Expense$5,604
Electric Expense$4,051
Water Sewer Expense$38,455
Maintenance Expense$10,081
Other Expense$2,116
Gross Scheduled Income$638,526
Net Operating Income$487,500
Real Estate Tax Expense$90,719
Tax Annual Amount$90,719
Tax Year2015
Full Descriptions
Parcel Number3095241630000
Detailed DescriptionLiberty Village Center is a well maintained, 94 % occupied neighborhood shopping center, shadow anchored by Rite-Aid Pharmacy and Stater Bros Supermarket, located in Victorville, CA. The tenants of Liberty Village Center consist food, retail and service providers, including Metro PCS, Little Caesar’s Pizza, Baja Taco, Amber’s Dry-Cleaning, My Lady Nail, Mail Master +, Smoke Shop, Royal Tax, Cash 4 Gold, Family Cuts, Liberty Dental, Shoe Store, Hanabi Sushi, T-Shirt and a Wells Fargo ATM. The ideal tenant mix consists of essential “daily needs” and convenience oriented retailers. The combination of under market rents and gross leases provide a realistic value-add opportunity when existing rents are taken to market levels. Profit potential through break up strategy as property is separately parceled. The subject property is strategically located at the signalized hard corner intersection of Bear Valley Road and Amethyst Road (51,375 combined vehicles per day and one mile from Interstate 15 (100,250 VPD). Bear Valley Road is a major East-West corridor with many national tenants creating strong tenant synergy and crossover foot traffic. It is located within close proximity to The Mall of Victor Valley, home to many national tenants including Sears, Dick’s Sporting Goods, JC Penny, Cinemark, and Macy’s. 63% of income stream has been in place for more than 10 years.
Water SourcePublic
Construction MaterialsStucco
Heating DescriptionCentral Furnace
Property parameters
Year Built1992
Living Area (Sq.Ft.)21,800 ft2
Lot Size SourceAssessor
Number of Buildings3
Number of Units Leased18
Retail (Sq.Ft.)21,500
Asset ClassRetail
Water SourcePublic
Land Usage DescriptionRetail
Property SubtypeRetail
Building StatusExisting
Year Built SourceAssessor
Vacancy Allowance Rate3%
Accounting TypeActual
Cap Rate (For Cash Payment Only)6.16
Listed withAUGUST WEN (CENTURY 21 MASTERS)