211-230 S Riverside Ave - Storefront Retail/Office FOR SALE


Rialto, CA 92376- Downtown Rialto
$4,340,000 USD
909-230-4500
211-230 S Riverside Ave, Rialto, CA for Sale
$4,340,000 USD
Storefront Retail/Office - FOR SALE
1/15
null | 7.5% Cap Rate

211-230 S Riverside Ave
Rialto, CA 92376
Downtown Rialto


OVERVIEW

STRONG INVESTMENT FUNDAMENTALS Diverse Income Stream – Income is spread across 32 tenants, with no individual tenant accounting for more than 8% of total revenue. Fully NNN-Leased Asset – Tenants proportionately reimburse all operating expenses, including all property taxes, insurance, and CAM, minimizing landlord exposure. Smaller, Easier-to-Lease Suites – Majority of units range from 125 SF to 950 SF, appealing to small businesses and limiting exposure to high vacancy risk. Service-Oriented Office Users—Not traditional office space – Small, private suites cater to service-based professionals seeking affordable workspace. Inland Empire Office Market Outperforms National Trends – Vacancy remains low at approximately 5%, well below the national average of 13.9% (CoStar). Recent Capital Improvements – Significant upgrades include new roofs, parking lot slurry seal/stripe, new HVAC, interior paint, new flooring, and full renovation of unit 225-10 (±3,500 SF). Built-In Rent Growth – Leases include embedded CPI or 3% annual increases, offering a hedge against inflation. Bonus Basement Space – ±11,600 SF basement (excluded from GLA) offers flexible use for storage or ownership purposes. Attractive Basis vs. Replacement Cost – Offered at $216/SF, significantly below new construction costs estimated at $300–$400/SF in Southern California. ___________________________________________________________________________________________________________ RESIDENTIAL MIXED-USE DEVELOPMENT OPPORTUNITY Residential Mixed-Use Development Opportunity – Zoned Downtown Mixed-Use (DMUZ) within the Foothill Central Specific Plan, offering future residential mixed-use development upside. Fully Leased at Below Replacement Cost, Ideal for Covered Land Play – 100% occupancy with short-term leases generates steady cash flow, creating a low-risk hold while securing permits and approvals for future redevelopment.

FOR SALE DETAILS

PRICE

$4,340,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Rialto Collective

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

Downtown Mixed-Use (DMUZ)

APN/PARCEL ID

0130-291-12,0130-291-23,0130-291-40,0130-291-44,0130-291-45

ASK ABOUT THIS PROPERTY

Lance MordachiniProgressive Real Estate PartnersMore Info
909-230-4500

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Lance MordachiniProgressive Real Estate PartnersMore Info
909-230-4500

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