Marcus & Millichap Real Estate Investment Services is pleased to present
the Elite Professional Center located in Moreno Valley, California. This
investment provides an owner/user or an investor to acquire a Spanishstyle,
two-story professional building with an ideal central location within
the Inland Empire. At $110 per square foot, a new purchaser will be acquiring
this asset significantly below replacement cost. The property offers easy
access to Interstate 60 Freeway as well as banking, restaurant, retail and
other services.
The Elite Professional Center is an approximately 26,250 square foot, twostory
professional/office building with elevator service. The property was
built in 1990 with a lot size of 1.5 acres of fee-simple land. The property
also has fire sprinklers and has excellent street frontage and visibility. The
building is located at the northwest corner of the signalized intersection
of Perris Boulevard and Eucalyptus Avenue. Office suites range from 401
to 4,875 square feet. Perris Boulevard has an approximate traffic count of
29,922 vehicles per day (2018) and Eucalyptus Avenue has 5,587 vehicles
per day.
This value-added asset will give the new ownership the ability to reposition
and/or occupy a portion of the subject property. An owner/user
may also be able to obtain favorable Small Business Administration (SBA)
financing taking advantage of today’s low interest rates. Effectively, it may
be more economical to own the building rather to lease space elsewhere
considering today’s low interest rates and the potential tax advantages of
real estate ownership.