6600 Magnolia Ave 12,804 SF Retail Building Riverside, CA 92506 $15,355,120 CAD ($1,199.24 CAD/SF) 4.50% Cap Rate

An exceptional opportunity to acquire a fully leased retail property situated along the bustling Magnolia Avenue corridor in Riverside, one of the fastest-growing cities in California. This property offers immediate cash flow and significant long-term appreciation potential.
Fully Stabilized Asset: 100% occupancy with a diverse tenant mix, ensuring steady income.
Prime Location: High-traffic corridor with excellent visibility and accessibility.
Strong Demographics: Growing population with increasing income levels and educational attainment.
Economic Growth: Riverside's economy is bolstered by education, healthcare, logistics, and manufacturing sectors.
Development Potential: The sizable lot offers potential for future redevelopment or expansion, subject to zoning and city approvals.
Riverside City College – directly across the street, serving over 19,000 students.
University of California, Riverside (UCR) – approximately 10 minutes away, with a student population exceeding 25,000.
Riverside Plaza – featuring major retailers such as Trader Joe’s, Regal Cinemas, and numerous dining options.
Galleria at Tyler – a regional shopping mall with anchors like Macy’s, Nordstrom, and Apple Store.
Riverside Community Hospital – a full-service, acute care hospital located within 2 miles.
Immediate access to State Route 91 and Interstate 215, facilitating easy connectivity throughout the Inland Empire and to Orange County and Los Angeles.
Close to Metrolink stations, providing commuter rail services.