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Freeway Plaza Retail Center 333-411 Wilkerson ave 80,490 SF 95% Leased Retail Building Perris, CA 92570 For Sale
INVESTMENT HIGHLIGHTS
- Core Value-Add 80,490 SF Neighborhood Shopping Center Comprised of Six (6) Retail Buildings
- Most Tenants on Month-to-Month Leases
- High Traffic Counts: 111,982 CPD (I-215) & 21,678 CPD (4th St)
- Exceptional Freeway Visibility & Accessibility on I-215 Freeway On/Off Ramp
- 374 On-Site Parking Spaces (4.6:1,000 SF)
- 116,000 Residents with Avg HH Income of $101,711 (5-Mile Radius)
EXECUTIVE SUMMARY
Core Value-Add 80,490 SF Neighborhood Retail Center This is a court-supervised sale and will be subject to court approval. Project is comprised of six (6) buildings; a large “anchor space”, in-line units that allow for flexibility in sizes for multiple tenants, and four (4) small freestanding buildings. Most tenants on Month-Month leases at low rates. Buyer has opportunity to fully re-tenant and refurbish the Project. Exceptional Freeway Visibility & Accessibility on I-215 Freeway On/Off Ramp with Freeway Pylon Sign. 374 On-Site Parking Spaces (4.6:1,000 SF). Zoned “4th Street Gateway”: Retail, Office, Services, Multifamily Allowed by Right. High Traffic Counts: 111,982 CPD (I-215) & 21,678 CPD (4th St). 116,000 Residents with Avg HH Income of $101,711 (5-Mile Radius). Call for NDA & access to the Document Center. Best Offer.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
80,490 SF
Year Built
1986
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
7.12 AC
Zoning
“4th Street Gateway” - Retail, Office, Services, Multifamily Allowed by Right.
Parking
374 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $20,177,021 CAD | |
| Land Assessment | $4,930,301 CAD | Total Assessment | $25,107,323 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,930,301 CAD
Improvements Assessment
$20,177,021 CAD
Total Assessment
$25,107,323 CAD
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Freeway Plaza Retail Center | 333-411 Wilkerson ave
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