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IOWA CORPORATE CENTER 6 Properties in Riverside, CA

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EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type Investment or Owner User
Status Active
Number of Properties 6
Individually For Sale 0
Total Building Size 125,828 SF
Total Land Area 8.74 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Bldg 1
1020 Iowa Ave, Riverside, CA 92507
Flex 35,000 SF 1987 -
Bldg 4
1240 Palmyrita Ave, Riverside, CA 92507
Flex 20,000 SF 1989 -
Bldg 2
1280 Palmyrita Ave, Riverside, CA 92507
Flex 10,804 SF 1988 -
Bldg 3
1260 Palmyrita Ave, Riverside, CA 92507
Industrial 20,000 SF 1989 -
Bldg 6
1040 Iowa Ave, Riverside, CA 92507
Office 31,024 SF 2001 -
Bldg 5
1220 Palmyrita Ave, Riverside, CA 92507
Office 9,000 SF 1989 -
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  • Listing ID: 38225080

  • Date on Market: 2025-10-27

  • Last Updated:

  • Address: IOWA CORPORATE CENTER, Riverside, CA

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