24991 Alessandro Blvd - Freestanding FOR SALE


Moreno Valley, CA 92553- Moreno Valley West
$6,500,000 USD
626-523-3454
24991 Alessandro Blvd, Moreno Valley, CA for Sale
$6,500,000 USD
Freestanding - FOR SALE
1/10
null | 5.23% Cap Rate

24991 Alessandro Blvd
Moreno Valley, CA 92553
Moreno Valley West


HIGHLIGHTS

  • Outparcel to Sunnymead Towne Center - Anchored by El Super Supermarket
  • Signalized Corner with Heavy Traffic- Average Daily Traffic Count on Alessandro Blvd - 22,100 and on Perris Blvd - 26,200
  • Strong Retail Corridor - Adjacent properties include Smart and Final Extra!, Starbucks, and Ross
  • Minimal Landlord Responsibilities - Roof & Structure Only

OVERVIEW

Berkshire Hathaway HomeServices Golden Properties is proud to offer an exclusive listing for the retail building on a signalized corner located at 24991 Alessandro Blvd in Moreno Valley, California. The property consists of 16,602 rentable square feet of building space situated on approximately 1.66 acres of land. The Tenant, Absolute Dollar Store, is currently operating under a 5-year NNN Lease set to expire on 04/30/29, with two 5-year options to renew. Current NOI (Year 2) is $339,813.07, with a 3% escalation scheduled for year 4, and 5% escalations for each option (plus 3% annual escalations in years 2-5 of each option).

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

5.23%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

CC

APN/PARCEL ID

482-540-029

ASK ABOUT THIS PROPERTY

Ohanes 'Hovig' Dimejian CCIMBerkshire Hathaway Home Services Golden PropertiesMore Info
626-523-3454

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Ohanes 'Hovig' Dimejian CCIMBerkshire Hathaway Home Services Golden PropertiesMore Info
626-523-3454

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