6600 Magnolia Ave - Drug Store FOR SALE


Riverside, CA 92506- Magnolia Center
$11,000,000 USD
626-593-7456
6600 Magnolia Ave, Riverside, CA for Sale
$11,000,000 USD
Drug Store - FOR SALE
1/15
null | 4.5% Cap Rate

6600 Magnolia Ave
Riverside, CA 92506
Magnolia Center


OVERVIEW

An exceptional opportunity to acquire a fully leased retail property situated along the bustling Magnolia Avenue corridor in Riverside, one of the fastest-growing cities in California. This property offers immediate cash flow and significant long-term appreciation potential. Fully Stabilized Asset: 100% occupancy with a diverse tenant mix, ensuring steady income. Prime Location: High-traffic corridor with excellent visibility and accessibility. Strong Demographics: Growing population with increasing income levels and educational attainment. Economic Growth: Riverside's economy is bolstered by education, healthcare, logistics, and manufacturing sectors. Development Potential: The sizable lot offers potential for future redevelopment or expansion, subject to zoning and city approvals. Riverside City College – directly across the street, serving over 19,000 students. University of California, Riverside (UCR) – approximately 10 minutes away, with a student population exceeding 25,000. Riverside Plaza – featuring major retailers such as Trader Joe’s, Regal Cinemas, and numerous dining options. Galleria at Tyler – a regional shopping mall with anchors like Macy’s, Nordstrom, and Apple Store. Riverside Community Hospital – a full-service, acute care hospital located within 2 miles. Immediate access to State Route 91 and Interstate 215, facilitating easy connectivity throughout the Inland Empire and to Orange County and Los Angeles. Close to Metrolink stations, providing commuter rail services.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$859 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

CG

APN/PARCEL ID

225-231-029

ASK ABOUT THIS PROPERTY

Christine LiHarvest Realty DevelopmentMore Info
626-593-7456

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Christine LiHarvest Realty DevelopmentMore Info
626-593-7456

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