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3320 Chino Hills Parkway, Chino Hills, CA 91709
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3320 Chino Hills Parkway Chino Hills, CA 91709

$9,250,000
  • -- Beds
  • -- Baths
  • 14,833 Sq.Ft.
For Sale
$9,250,000 Get Pre-Qualified
Map preview of 3320 Chino Hills Parkway, Chino Hills, CA 91709

Property Overview: 3320 Chino Hills Parkway Chino Hills, CA has -- bedrooms, -- bathrooms, 14,833 living square feet and 68,691 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRICE REDUCED $750,000! Corcoran Group of California, Inc., Dan Corcoran is pleased to offer this exclusively listed Walgreens located at 3320 Chino HIlls Parkway, Chino Hills, CA 91709. This fee simple property presents an absolute net lease, ensuring zero landlord responsibilities, backed by a full investment-grade Walgreens guaranty, offering investors a hassle-free, passive income stream. With a preferred five-year option structure, this location presents robust sales volumes and stability The building is approximately 14,833 square feet on a 1.58 acre lot. There is an assumable (1/4 point assumption fee) $5,175,000 loan at 3.29% with monthly payments of $22,896.07 balloning in approximately nine years. The after payment cash flow (cash-on-cash) is $20,854 per month. Tenant maintains the property and pays all operating expenses directly. Property is strategically located on Chino Hills Pkwy with great exposure and visibility. It is on a signalized intersection adjacent to a large senior living complex and surrounded by affulent homes.

Listed by DANIEL CORCORAN | BRE #00451125 | Corcoran Group of California Inc.
Last checked: 15 minutes ago | Last updated: May 2nd, 2024 | Source CRMLS | DOM: 64
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Home details

Lot Sq. Ft
68,691
HOA Dues
$0/mo
Year built
2009
Garage
--
Property Type:
Retail
Status
Active
MLS#
EV24048793
City
Chino Hills
County
San Bernardino
Time on Site
69 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.65%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $525,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3320 Chino Hills Parkway

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Property Details for 3320 Chino Hills Parkway

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 1025321020000
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Corner Chino Hills Parkway
View more facts & features

Local Chino Hills Agent

Sale History for 3320 Chino Hills Parkway

Last sold on October 21st, 2008

  • March, 2024

  • Mar 11, 2024

    Date

    Active

    CRMLS: EV24048793

    $10,000,000

    Price

  • October, 2008

  • Oct 21, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2007

  • Jan 19, 2007

    Date

    Sold (Public Records)

    Public Records

    $2,300,000

    Price

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Tax History for 3320 Chino Hills Parkway

Assessed Value (2020): $6,775,400
Year Land Value Improved Value Assessed Value
2020 $1,355,100 $5,420,300 $6,775,400

Home Value Compared to the Market

This property vs the competition

3320 Chino Hills Parkway is listed 848.72% higher than the median list price for the city of Chino Hills which has a median list price of $975,000. The median price per/sqft for Chino Hills is $501 and this home is listed at $623.61 per/sqft which puts the price per square foot 24.47% higher than the median price per square foot for the city of Chino Hills.

About 3320 Chino Hills Parkway

Detailed summary of property

3320 Chino Hills Parkway is a retail located in Chino Hills, CA 91709 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 14,833 living square feet, and sits on an approximately 68,691 square foot lot. 3320 Chino Hills Parkway was first listed on ArdentRealEstateGroup.com on March 11, 2024. The homeowner is currently asking $9,250,000 and was originally asking $10,000,000. The median priced home in Chino Hills is $975,000 with a median price per square foot of $501. Based on Ardent Real Estate Group's Chino Hills Market Data, this home is listed 848.72% higher than the median priced home. While the average home in Chino Hills, CA is selling in 34 days, 3320 Chino Hills Parkway has a days on market of 64 days. There are currently 108 homes for sale in the Chino Hills real estate market and 93 of them are single family homes while 12 of them are condos and 3 are townhomes. For more information on this home for sale at 3320 Chino Hills Parkway Chino Hills, CA 91709 contact Ardent Real Estate Group and we will put you in touch with one of our Chino Hills agents.

Public Facts for 3320 Chino Hills Parkway

Public county record property details
Beds
--
Baths
--
Year built
2009
Sq. Ft.
14,833
Lot Size
68,694
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
San Bernardino
Lot#
25
APN
1025-321-02-0000

The source for these homes facts are from public records.

91709 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$975,000
Median List Price/Sq.Ft.
$501
Median Sold Price
$1,038,000
Median Sold Price/Sq.Ft.
$498
Total Inventory
108
Median Sale to List Price %
103.8%
Avg Days on Market
20
Loan Type
Conventional (58%), FHA (0%), VA (4%), Cash (28%), Other (10%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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