10759 Magnolia Ave - Storefront Retail/Office FOR SALE


Riverside, CA 92505- La Sierra
$3,350,000 USD
909-348-0610
10759 Magnolia Ave, Riverside, CA for Sale
$3,350,000 USD
Storefront Retail/Office - FOR SALE
1/19
null | 5.6% Cap Rate

10759 Magnolia Ave
Riverside, CA 92505
La Sierra


HIGHLIGHTS

  • Large Pylon Sign: Visible to Daily Traffic (VPD indicates over 40,000 vehicles)
  • Convenient Access to 91, 15, 215 Freeways; Easy Ingress/Egress
  • Strategic Hard Corner Location Positioned for Strong Commercial Exposure
  • Excellent Tenant Mix with 100% Occupied Retail Center; Directly Across from Kaiser Medical Center
  • Current Rental Rates are Below Market Value
  • Tremendous Value-Add Investment; 7.5% Pro Forma Cap Rate

OVERVIEW

NAI Capital is pleased to present the opportunity to purchase a Retail Center in the Riverside County. 10759 Magnolia Avenue, Riverside, CA 92505 features an approximately +/-11,306 SQFT Retail Center situated on +/- 33,976 SQFT of Improved Land. The Retail Center consist of the following: Excellent Tenant Mix with 100% Occupancy, Current Rental Rates are Below Market Value which translates to Extreme Upside Potential, and Abundant Parking with Convenient Ingress/Egress. The property is strategically located along the corner of Magnolia Avenue which benefits from visibility, pro commercial related businesses and convenient access to 91, 15, and 215 freeways. The VPD indicates over 40,000 vehicles traveling daily through Magnolia Avenue making this a great Retail Center for commercial traffic. The tremendous upside of this property would be well suited for an Investor who wants to take advantage of the Retail Center’s upside potential. Property tours are available by appointment.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Investment; 7.5% Pro Forma Cap Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

R106

APN/PARCEL ID

142-292-008

ASK ABOUT THIS PROPERTY

Thomas LamNAI CapitalMore Info
909-348-0610

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Thomas LamNAI CapitalMore Info
909-348-0610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.