Description

Welcome to “The Fort”, a free-standing shopping and entertainment center located in the heart of Idyllwild. This is an incredible opportunity to acquire the fee simple interest in a 19 unit, 13,292 SQ FT property. Currently, 100% occupied, “The Fort” is a turnkey operation and stable investment that features long-term tenants with excellent payment history. The majority of the renters in the building are substantially under market rate. Since 2018, there have been over 200k documented updates and repairs to the building. Extensive improvements were recently completed, including the rehabilitation of multiple suites, plumbing and fire sprinkler retrofits as well as a new asphalt parking lot. The Net Operating Income, including property taxes, is over 227k annually. On a daily, there is consistent, heavy foot traffic through the building and around its parameter. The property is ideally situated within walking distance of breweries, restaurants, and wineries. Do not miss out on this tremendous opportunity to own Idyllwild's bustling village center!