600 N Arrowhead Ave Bureau 4 756 m² À vendre San Bernardino, CA 92401

ATTRACTIVE DOWNTOWN SAN BERNARDINO OWNER-USER OPPORTUNITY
* THREE-STORY OWNER-USER OPPORTUNITY | 600 N. Arrowhead Avenue presents the unique opportunity to acquire an infill, ± 41,138 square foot 3-story office building in the heart of San Bernardino. The property is currently 45% occupied, with the first and second floors available for immediate occupancy allowing an owner-user the opportunity to take up ±22,492 square feet and the ability to organically grow their footprint in the building over time. The full building can be made available by June 2026.

STRONG MARKET FUNDAMENTALS
* LOWEST OFFICE VACANCY IN U.S. | The Inland Empire consistently outperformed other office markets in the country and held the lowest vacancy rate for the past five quarters, averaging a 9.1% vacancy rate during that timeframe. As of the third quarter 2024, vacancy has declined to 7.9%.

* THRIVING ECONOMIC ACTIVITY | The Inland Empire, a region whose $213-billion economy is equal to that of the state of Utah, has been Southern California’s best-growth market for several straight years, averaging 5.2% each year, per the Federal Reserve. The Inland Empire’s population is Southern California’s second largest, fueled by a growth rate that is almost 4 times more than the rest of the region since 1990.

* EMPLOYMENT CONSISTENCY | Over the last five years, the Inland Empire’s total employment has grown at an average annual rate of 2.3% while across the U.S., employment has grown at a 1.0% average annual rate (CBRE Econometric Advisors). In that same five-year span, office employment alone has grown by 2.5% annually in the Inland Empire. Over the last 12 months, office employment has grown by 0.5% in the IE.

EXCELLENT LOCATION WITH ABUNDANT AMENITIES
* PRIME DOWNTOWN LOCATION | The building is located on the highly visible corner of Arrowhead Ave and 6th St, in downtown San Bernardino. The property benefits from excellent, high image street frontage and is only blocks away from the area’s plethora of retail outlets and the 43-acre Carousel District – the former mall site that was demolished and is now primed for redevelopment.

* MASSIVE SURROUNDING DEMOGRAPHICS | Due to the property’s infill location, there are more than 370,000 people with an average household income greater than $80,000 within 5 miles of the building.