Description
Stagecoach Plaza is located at the northwest corner of W. Ramsey Street and Sunset Avenue in the city of Banning, CA. The listing consists of 2 parcels (APNs: 537-090-059 & 537-090-058) totaling approximately ±3.96 acres or ±172,497 SF of land area.
The subject consists of one retail building totaling approximately ±52,264 SF. Stagecoach Plaza provides ±377 parking stalls. Stagecoach Plaza was built in 1972. The site is currently zoned as “GC – General Commercial”.
Documents
Sale Details
- Walt1.44 Years
- Cap Rate6.25%
- NOI$288,504
- Stabilized Cap Rate8.43%
- In-Place Cap Rate6.25%
- Rents Below Market46%
- Investment Period10 Years
- Unlevered IRR8.99%
- Levered IRR11.50%
Documents
Property Address
Property Details
- Property TypeRetail
- Gross Leasable Area123 SF
Property Details
- Property TypeRetail
- Gross Leasable Area123 SF
Deal Team
Description
Stagecoach Plaza is located at the northwest corner of W. Ramsey Street and Sunset Avenue in the city of Banning, CA. The listing consists of 2 parcels (APNs: 537-090-059 & 537-090-058) totaling approximately ±3.96 acres or ±172,497 SF of land area.
The subject consists of one retail building totaling approximately ±52,264 SF. Stagecoach Plaza provides ±377 parking stalls. Stagecoach Plaza was built in 1972. The site is currently zoned as “GC – General Commercial”.
Documents
Sale Details
- Walt1.44 Years
- Cap Rate6.25%
- NOI$288,504
- Stabilized Cap Rate8.43%
- In-Place Cap Rate6.25%
- Rents Below Market46%
- Investment Period10 Years
- Unlevered IRR8.99%
- Levered IRR11.50%
Documents
Property Address
Property Details
- Property TypeRetail
- Gross Leasable Area123 SF
Property Details
- Property TypeRetail
- Gross Leasable Area123 SF
Deal Team
