714-749-1513
, Riverside, CA for Sale
FOR SALE
1/6
null | Request Cap Rate

IOWA CORPORATE CENTER
Riverside, CA
University


OVERVIEW

Voit Real Estate Services and Lee & Associates are pleased to present the exclusive opportunity to acquire Iowa Corporate Center, a six-building, multi-tenant business park totaling ±125,974 square feet on ±8.74 acres in Riverside, California. The project is currently 94% leased to 18 tenants, with a diversified mix of local government agencies, service providers, and light industrial users. The tenancy is characterized by staggered lease expirations and a long-term occupancy history, offering investors stable in-place cash flow with upside potential in rents as units rollover. Flexible space configurations, including units ranging from ±876 SF to ±24,830 SF with varying office build-out and convenient 3.4:1 surface parking cater to a wide variety of tenant requirements. The project’s location in the Hunter Park area of Riverside—adjacent to major freeway interchanges and surrounded by a strong labor base—further enhances tenant appeal. Its Opportunity Zone location can also be advantageous to Investors. A new owner has the opportunity to enhance yield through market rent adjustments, selective repositioning, and more proactive leasing strategies in a submarket with historically strong demand, limited supply of comparable product, and significant barriers of entry for future construction of similar product type.

ASK ABOUT THIS PROPERTY

Michael BoumaVoit Real Estate ServicesMore Info
714-749-1513

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

Michael BoumaVoit Real Estate ServicesMore Info
714-749-1513

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