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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

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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
177’ on S Riverside Ave

Amenities

  • Bus Line
  • Commuter Rail
  • Conferencing Facility
  • Metro/Subway
  • Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 225-11
  • 900 SF
  • Office
  • -
  • Now
Space Size Space Use Position Available
225-11 900 SF Office - Now

225-11

Size
900 SF
Space Use
Office
Position
-
Available
Now

225-11

Size 900 SF
Space Use Office
Position -
Available Now

Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Banner Bank
Planet Fitness
Stater Bros Markets
Chase Bank
Alberto's Mexican Food
Cardenas
Bank of America

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 0130-291-40
  • 0130-291-45
  • 0130-291-23
  • 0130-291-44
  • 0130-291-12
Land Assessment
$1,423,446 CAD
Improvements Assessment
$1,802,559 CAD
Total Assessment
$3,226,006 CAD
  • Listing ID: 35846991

  • Date on Market: 2025-05-13

  • Last Updated:

  • Address: 211-230 S Riverside Ave, Rialto, CA 92376

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