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100% Leased Multi-Tenant Commercial Property 211-230 S Riverside Ave 20,122 SF 96% Leased Retail Building Rialto, CA 92376 $5,466,833 CAD ($271.68 CAD/SF) 7.86% Cap Rate



Investment Highlights
- High-Yield 7.86% Cap Rate in In-Place Income
- Fully NNN-Leased Asset – Tenants proportionately reimburse all operating expenses, including property taxes, insurance, and CAM.
- Recent Capital Improvements – Upgrades include new roofs, parking lot slurry seal and striping, new HVAC units, interior paint, new flooring
- Highly Diversified Rent Roll – 30+ tenants with no single tenant exceeding 8% of total income, minimizing concentration risk.
- Dedicated On-Site Parking – The property features ±51 dedicated on-site parking stalls supplemented by street-front parking
- Flexible Zoning Allowing Specialized Uses – The property’s Downtown Mixed-Use (DMUZ) zoning permits a wide variety of uses
Executive Summary
Progressive Real Estate Partners is proud to present the opportunity to acquire a Downtown Rialto Multi-Tenant Commercial Center located along Riverside Avenue, Rialto’s primary north-south corridor between the 210 and 10 Freeways. The property consists of ±20,122 SF situated on ±1.35 acres across five separate parcels. Improvements include 8 street-front retail units, 27 incubator-style office suites, 1 flex warehouse unit with a loading dock, and a separately parceled single-family residence – totaling 37 units occupied by 30+ tenants. The asset is 95% leased and offers a 7.86% cap rate on in-place income at $199/SF, well below replacement cost. No tenant represents more than 8% of total income, providing strong diversification and insulation from vacancy risk. The incubator office suites, averaging under 250 SF, maintain consistent occupancy due to affordability, limited competing product, and flexible zoning that supports a broad range of uses. The property includes ±51 dedicated on-site parking supplemented by street-front parking, broadening the appeal to potential tenants and enhancing the value of the asset.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,122 SF
Building Class
B
Year Built
1930
Price
$5,466,833 CAD
Price Per SF
$271.68 CAD
Cap Rate
7.86%
NOI
$429,593 CAD
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.34
Lot Size
1.35 AC
Opportunity Zone
Yes
Zoning
Downtown Mixed-Use (DMUZ) - Downtown Mixed-Use
Parking
43 Spaces (2.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Commuter Rail
- Conferencing Facility
- Metro/Subway
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 225-11 | 900 SF | Office | - | Now |
225-11
| Size |
| 900 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
225-11
| Size | 900 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,802,559 CAD | |
| Land Assessment | $1,423,446 CAD | Total Assessment | $3,226,006 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,423,446 CAD
Improvements Assessment
$1,802,559 CAD
Total Assessment
$3,226,006 CAD
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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100% Leased Multi-Tenant Commercial Property | 211-230 S Riverside Ave
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