213-298-3593
10920 Magnolia Ave, Riverside, CA for Sale
Retail - FOR SALE
1/7
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10920 Magnolia Ave
Riverside, CA 92505
La Sierra


HIGHLIGHTS

  • Rare 9,600 SF multi-tenant restaurant pad at one of the area’s most prominent intersections
  • Strong rent driver as the pad is parked to accommodate all restaurant users
  • Tenancy includes best in class operators, Blaze Pizza, California Fish Grill, Luna Grill, Subway and ShareTea
  • Riverside is the top performing retail market in the Inland Empire with over 336,000 residents
  • Affluent demographic base with average household incomes exceeding $115,000 per year
  • Large student population base with over 26,000 students enrolled at UC Riverside

OVERVIEW

The Newmark Pacific Retail Capital Markets Team presents the unique opportunity to acquire an outstanding multi-tenant shop building at one of the premier intersections in the City of Riverside. The subject property is a 9,600 square foot shop pad located at the Southwest corner of Magnolia Avenue and Park Sierra Drive across the street from the Kaiser Permanente Regional Medical Center. The pad is part of the Park Sierra Shopping Center which includes Walgreens, LA Fitness, McDonald’s, and Raising Cane’s.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

CG

APN/PARCEL ID

138-470-037

ASK ABOUT THIS PROPERTY

William BaumanNewmarkMore Info
213-298-3593

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William BaumanNewmarkMore Info
213-298-3593

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