24801 Sunnymead Blvd - Auto Repair FOR SALE


Moreno Valley, CA 92553- Moreno Valley West
$5,250,000 USD
310-817-0828
24801 Sunnymead Blvd, Moreno Valley, CA for Sale
$5,250,000 USD
Auto Repair - FOR SALE
1/10
null | 7.87% Cap Rate

24801 Sunnymead Blvd
Moreno Valley, CA 92553
Moreno Valley West


HIGHLIGHTS

  • CAP Rate, 7.87% (Proforma 10.7%)
  • Two Parcels on 3.05 acres
  • Long Term Tenants, historically low vacancy rate
  • $200,000 in Capital Improvements!
  • Across 60 Freeway off-ramp with 207k CPD
  • Excellent street exposure, ingress/egress

OVERVIEW

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 and new signage, new drought resistant landscaping, surveillance cameras. Retail tenants include Marisco’s Mexican Restaurant. Anchored by Inland Empire Autobody & Paint occupying 36% of the GLA. Along with an additional 11,010 sq feet of vehicle related business’s. Property has plentiful parking. All tenants with below market rents.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

7.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Las Brisas Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.05 AC

LAND SF

132,858 SF

ZONING

C1

APN/PARCEL ID

481-180-048

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 Notice.