Log In/Sign Up
Your email has been sent.
2-Story Retail/Office 9590 Magnolia Ave 5,350 SF 100% Leased Retail Building Riverside, CA 92503 $3,198,053 CAD ($597.77 CAD/SF) 6.15% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased | 4-Tenant, Two-Story Retail/Office Property
- Direct Consumer Base (Colleges & Hospitals)
- Prime Retail Corridor | High-Profile Riverside Location
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% leased, two-story, four-tenant retail/office property strategically positioned along the highly traveled Magnolia Avenue corridor in Riverside, California. The property features a strong mix of service-oriented tenants on predominantly NNN lease structures. Most leases include annual rental increases of the greater of 3% or CPI, ensuring long-term income growth. While the current ownership is not collecting reimbursement income, a new investor has the ability to enforce existing lease terms as written, providing immediate upside. In addition, tenants are currently paying rents well below market averages in Riverside County, creating significant value-add potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,350 SF
Building Class
C
Year Built
1983
Price
$3,198,053 CAD
Price Per SF
$597.77 CAD
Cap Rate
6.15%
NOI
$196,699 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.20 AC
Zoning
CR - Commercial Retail
Parking
10 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
103’ on Magnolia Ave
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Balcony
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 234-111-002 | Improvements Assessment | $800,960 CAD |
| Land Assessment | $343,268 CAD | Total Assessment | $1,144,228 CAD |
PROPERTY TAXES
Parcel Number
234-111-002
Land Assessment
$343,268 CAD
Improvements Assessment
$800,960 CAD
Total Assessment
$1,144,228 CAD
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2-Story Retail/Office | 9590 Magnolia Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.