FOR LEASE + 6,584 SF OFFICE BUILDING
470 EAST HIGHLAND AVENUE REDLANDS, CALIFORNIA
MICHAEL DAY FIRST VICE PRESIDENT Lic. 001362830 +1 909 418 2207 [email protected] PROPERTY OVERVIEW REDLANDS
Premier South Redlands Corporate Office
Efficent Open Space
Monument and potential building signage
Ample Parking
Park like landscaping and enviornment
Located in close proximity to Historic Downtown Redlands
Easy access to I-10 freeway
First time on the market in over 20 years! 470 E HIGHLAND AVENUE PROPERTY INFORMATION REDLANDS AVAILABLE SQUARE FEET +6,584 Square Feet MONTHLY ASKING RENT: $8,500 NNN RENT INCREASES Three percent(3%) peryear
LEASE TERM Five (5)years TENANT IMPROVEMENTS Negotiable OPERATING EXPENSES NNN – Estimated to be $6.00 Annually
PARKING Four (4) cars per 1,000
470 E HIGHLAND AVENUE CITY INFORMATION REDLANDS THE CITY OF REDLANDS Redlands is a city in San Bernardino County, California. It is a part of the Inland Empire area. The city is located approximately 10 miles east of downtown San Bernardino, 20 miles from downtown Riverside, 60 miles from downtown Los Angeles, 47 miles from Palms Springs and 54 miles from Irvine. The Inland Empire current population is approximately 4,500,000 people in 2016 growing to 6,000,000 by 2040.
Coming east from Los Angeles and continuing toward Palm Springs, Interstate 10 bisects Redlands. The State Route 210 or Foothill Freeway ends at Interstate 10 in Redlands, then heads west toward Pasadena and Los Angeles. The San Bernardino-based Omnitrans bus system which handles the bus service for the area serves Redlands. The San Bernardino line of the Greater Los Angeles regional transportation system called Metrolink has a stop in nearby San Bernardino and there is a future light rail connector just footsteps from the site.
The property is located in the center of the historic commercial district and just steps away from the Redlands Santa Fe Railway which was established in 1888. The current station building, a Classi- SANTA FE DEPOT cal Revival structure, was built in 1909 to replace the original depot. The buildings surrounding the station represent many of the important components of the city’s economy, particularly the orange packing industry. Several packing houses remain from the city’s heyday as an orange packing center, forming one of the largest remaining groups of orange packing houses in the Inland Empire. A num- ber of the other buildings were used by growers’ associations and other groups in the citrus industry. Many of the building in the trade area were built from 1900’s to 1930’s.
Some of the areas largest employers are: • ESRI – A major geographic information systems software company which employs 6,000 people at its Redlands Headquarters. • Amazon – 5 Large Fulfillment Facilities • Loma Linda and Redlands Hospitals - ±16,000 Employees • University of Redlands - A private liberal arts college established in 1907 with ±4,500 students. • Crafton Hills College - ± 8,000 Students UNIVERSITY OF REDLANDS • Cal State San Bernardino - ± 20,000 Students/ ± 900 Staff • Loma Linda University - ± 4,444 Students/ ± 1,500 Staff 470 E HIGHLAND AVENUE AERIAL REDLANDS
470 E HIGHLAND AVENUE DEMOGRAPHICS REDLANDS
1 Mile 3 Miles 5 Miles Population Redlands 3Mile Demographic Highlights 2020 Population - Current Year Estimate 11,805 74,962 113,633 2025 Population - Five Year Projection 11,913 76,764 117,964 Total Population: 74,962 2010 Population - Census 11,723 71,890 106,604 2000 Population - Census 11,421 66,549 93,896 Median household income: $79,961 2010-2020 Annual Population Growth Rate 0.07% 0.41% 0.62% Median home value: $420,858 2020-2025 Annual Population Growth Rate 0.18% 0.48% 0.75% Households 2020 Households - Current Year Estimate 4,842 26,779 40,175 2025 Households - Five Year Projection 4,885 27,369 41,713 2010 Households - Census 4,783 25,747 37,822 2000 Households - Census 4,707 24,546 34,383 2010-2020 Annual Household Growth Rate 0.12% 0.38% 0.59% 2020-2025 Annual Household Growth Rate 0.18% 0.44% 0.75% 2020 Average Household Size 2.40 2.71 2.76 Household Income 2020 Average Household Income $121,292 $111,425 $109,396 Redlands Demographic Highlights 2025 Average Household Income $131,172 $121,898 $119,844 Redlands boasts some of the most desirable 2020 Median Household Income $86,898 $79,961 $80,368 demographics in Southern California. Residents 2025 Median Household Income $90,864 $85,627 $85,558 are generally educated and active within the 2020 Per Capita Income $49,722 $39,921 $38,734 community, leading to a distinctive sense of 2025 Per Capita Income $53,771 $43,579 $42,437 identity throughout the city. Housing Units 2020 Housing Units 5,160 28,358 42,282 Education 2020 Vacant Housing Units 318 6.2% 1,579 5.6% 2,107 5.0% High school graduates: 97% 2020 Occupied Housing Units 4,842 93.8% 26,779 94.4% 40,175 95.0% 2020 Owner Occupied Housing Units 2,800 54.3% 15,667 55.2% 23,317 55.1% College graduates: 65% 2020 Renter Occupied Housing Units 2,042 39.6% 11,112 39.2% 16,858 39.9% Median household income: $92,663 Education 2020 Population 25 and Over 8,651 51,125 77,568 Median home value: $622,500 HS and Associates Degrees 3,985 46.1% 25,987 50.8% 39,588 51.0% Median rent: $1,832 Bachelor's Degree or Higher 3,999 46.2% 20,190 39.5% 30,767 39.7% Employment base: 209,557 Place of Work 2020 Businesses 287 2,640 4,300 Safest large city in the United States (2004-2014) 2020 Employees 2,440 27,662 47,046 470 E HIGHLAND AVENUE AERIAL REDLANDS
470 E HIGHLAND AVENUE REDLANDS
MICHAEL DAY © 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been Lic. 001362830 verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify +1 909 418 2207 all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of [email protected] CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. 470 E HIGHLAND AVENUE