Redlands Corporate Center - 1251 Research Drive - 1251 Research Drive, Redlands, CA

Property Type Industrial - Warehouse/Distribution
Property Size 118,482 SF
Lot Size 6.15 Acre
Parking Spaces Avail. 189
Parking Ratio 1.60/ 1,000 SF
Property Tenancy Single Tenant
Building Class A
Year Built 1990

City Redlands, CA
Neighborhood Redlands
Zip Code 92374
Market Inland Empire

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 08 Apr, 2021
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity Date

Market Trends

Average Actual Rents in Redlands

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Redlands Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $21.06
2020 Office Vacancy Rate 4.34%
2020 Office Completions (SF)

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Tax

Property Tax in 2021-2022 $131,931
Market Value* $10,608,780
Assessed Value $10,608,780

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Redlands Corporate Center - 1251 Research Drive?

Redlands Corporate Center - 1251 Research Drive totals 118,482 square feet.

When was this property built?

Redlands Corporate Center - 1251 Research Drive was built in 1990.

When was Redlands Corporate Center - 1251 Research Drive last sold?

Redlands Corporate Center - 1251 Research Drive was last sold on 08 Apr, 2021.

What is the property tax for Redlands Corporate Center - 1251 Research Drive?

The property tax for Redlands Corporate Center - 1251 Research Drive in 2021-2022 was $131,931.

What is the market value for Redlands Corporate Center - 1251 Research Drive?

The market value* for Redlands Corporate Center - 1251 Research Drive in 2021-2022 was $10,608,780.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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