24759-24811 Sunnymead blvd - Retail FOR SALE


Moreno Valley, CA 92553- Moreno Valley West
$5,225,000 USD
310-817-0828
24759-24811 Sunnymead blvd, Moreno Valley, CA for Sale
$5,225,000 USD
Retail - FOR SALE
1/8
null | 7.65% Cap Rate

24759-24811 Sunnymead blvd
Moreno Valley, CA 92553
Moreno Valley West


HIGHLIGHTS

  • 100% Occupied with upside in rents!
  • $200,000 in recent improvements
  • Adjacent to 60 Freeway off-ramp
  • 2 Tax Parcels
  • $160 per foot (below replacement cost)
  • 7.65% Cap Rate

OVERVIEW

Las Brisas Center, adjacent to the 60 Freeway off ramp. Historically high occupancy, shopping center with tenants dating back 20+ years. Over $200,000 in Recent capital improvements including a new roof, new slurry coat & restriping, new paint, new signage, new drought resistant landscaping, surveillance cameras. Retail tenants include Marisco’s Mexican Restaurant and new tenant Soul Fire Bar & Restaurant. Anchored by Inland Empire Autobody & Paint occupying 36% of the GLA. Along with an additional 11,010 sq feet of 4 vehicle related business’s. Property has plentiful parking. All tenants with below market rents.

FOR SALE DETAILS

PRICE

$5,225,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,477 SF

ZONING

C1

APN/PARCEL ID

481-180-045

ASK ABOUT THIS PROPERTY

Simon Asef, CCIMDMC Real EstateMore Info
310-817-0828

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Simon Asef, CCIMDMC Real EstateMore Info
310-817-0828

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