Sierra Way Plaza 3970-3996 N Sierra Way

Investment Highlights

Rare infill/contiguous 2 property strip centers located on main-on-main signalized corner. In-place investment occupied by synergistic mix of internet resistant retail and restaurants. High density location with ?22.3K cars per day on E 40th St and ?11.8K on N Sierra Way. Enormous frontage and convenient access to/from N Sierra Way with dedicated parking lots. National tenants continuously target and occupy this retail pocket for its amenities and consumer draw.

Executive Summary

Sierra Way Plaza is strategically located on the bustling main-on-main corner of N Sierra Way and E 40th St. Boasting a total of 13,396 SF spread across two well-positioned strip centers, this property offers immense potential for value enhancement. Sierra Way Plaza currently features 79% occupancy with expiring leases/vacancy, presenting a valuable opportunity for a savvy investor to capitalize on market lease-up prospects. With popular amenities such as in-place restaurants, service tenants, Metro PCS, this retail gem attracts a steady flow of customers daily. Furthermore, the property stands out for its proximity to major national retailers such as Cardenas Market, Walgreens, and 7Eleven, reinforcing its status as a cornerstone of the vibrant retail landscape in San Bernardino. Sierra Way Plaza is an internet-resistant investment with stable historical tenant occupancy with a true value-add component.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office Freestanding
• Building Size    13,396
• Building Class    C
• Year Built    1961
• Price    3,750,000
• Price Per SF    280
• Percent Leased    88
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.48
• Land Acres    0.64 AC

• Pylon Sign
• Signage
• Signalized Intersection