5th

Location Advantages

- Located within a designated Opportunity Zone, offering potential tax advantages including capital gains deferral and long-term tax benefits, which may enhance overall project returns for investors and developers

- Less than 1.5 miles from San Bernardino International Airport, a major employment and logistics hub driving daytime population growth and increased demand for nearby retail and service uses

Redevelopment & Market Activity

- The former 900,000-SF Carousel Mall was demolished in late 2023, and the site is slated for a large-scale mixed-use redevelopment featuring approximately 2,000–3,500 residential units, along with complementary retail and office components.

- Significant redevelopment is reshaping the surrounding area and submarket landscape

Market Context

- Median household income remains below the Inland Empire average, supporting demand for affordable retail and service-oriented uses.

- Suitable for developers seeking early-entry land in a growing redevelopment corridor