Stobbs Way Portfolio - 8.3% cap rate 3 biens • À vendre 10 979 200 $ CAD • Emplacements multiples

Lee & Associates is pleased to present for sale of Stobbs Way Portfolio. The portfolio consists of three apartment buildings comprising a total of 36 studio units; a two-story
commercial building totaling approximately 7,644 SF and approximately 0.60 acres of vacant commercial land zoned C-1/C-P, suitable for a wide range of uses such as quick service restaurant, retail, or car wash. The Portfolio is located at the southwest corner of Mission Blvd & Stobbs Way in Jurupa Valley (Riverside), California in the County of Riverside. The Portfolio is located along Mission Blvd, with each building located on separate parcels.
Out of 36 studio apartments, currently, 33 units are leased, indicating an occupancy rate of approximately 92% with potential for upside through leasing the remaining 3 units and increasing rent. The two-story commercial building features four retail units on the ground floor and six office units on the second floor, with current occupancy at 85%. This mixed-use component provides diversified income streams from retail and office tenants. The vacant land is ideally positioned as a drive-thru retail pad, directly adjacent to the new Mission Village Shopping Center (near completion phase), which is anchored by Grocery Outlet, Planet Fitness, Dollar Tree, Pacific Dental Services, Wendy’s, Starbucks, and Quick Quack Car Wash. The site benefits from a proposed signalized intersection, high traffic counts on Mission Blvd (20,186 CPD) with direct access to State Route 60 (168,554 CPD) and proximity to major freeways (SR-60 and I-15) and Ontario International Airport. The apartment properties providing flexibility for investors seeking residential-focused opportunities or the full mixed-use/land assembly. This offering represents a value-add investment in a rapidly evolving retail corridor. The apartments provide stable residential cash flow with leasing upside in a high-demand Inland Empire market. The commercial building provides immediate income from 85% occupied retail/office space. The vacant pad offers development potential or ground lease opportunities, enhanced by the neighboring national-brand anchored center, which drives consumer traffic, tenant synergy, and long-term appreciation.