
Great Republic Lofts
756 South Spring Street, Los Angeles, CA, 90014, US
72 unités
JLL, as exclusive advisor, is pleased to present for sale, Kendall Brook Apartments
(the “Property” or “Kendall Brook”), a 113-unit, value-add multi-housing investment
opportunity in San Bernardino, known as “America’s Distribution Capital.” Strategically
located at 1200 Kendall Drive in the heart of the Inland Empire’s logistics epicenter,
Kendall Brook Apartments offers exceptional proximity to major distribution hubs and
direct access to the region’s extensive network of industrial employers including Amazon,
FedEx, UPS, Target, and countless other Fortune 500 companies that have established
major operations throughout San Bernardino.
Built in 1985, this garden-style community presents significant rental upside across the
entire 113-unit property totaling ±80,278 net rentable square feet with an average unit
size of ±710 SF situated on ±2.55 acres. The Property has been owned and operated by
a private individual for 18 years and benefits from San Bernardino’s position as a critical
logistics hub, driving consistent housing demand from the area’s robust industrial job
market. New ownership can immediately capture approximately ±9.2% in loss-to-lease,
representing ±$161 per unit in mark to market upside. The investment opportunity is
further enhanced through a comprehensive value-add strategy, offering a demonstrated
23% renovation upside by completing unit renovations across all 113 units (100% of
property).
With today’s cost to replicate garden construction materially north of $450,000/
unit, Kendall Brook offers an attractive value-add thesis at a compelling discount to
replacement cost. This garden community represents an exceptional opportunity for
new ownership to execute on a proven renovation strategy while capitalizing on San
Bernardino’s continued expansion as America’s premier distribution and logistics center.