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10015 Magnolia Ave 29,000 SF Retail Building Riverside, CA 92503 $5,815,000 ($200.52/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Daytime Foot Traffic
- Building Remodel Recently
- Strong Demographics
EXECUTIVE SUMMARY
Long Term National Tenant Established in 1949. One of Southern California's Largest Footwear and Apparel Chains with 38 Locations on the West Coast. Prime Free-Standing Building in front with two rear buildings totaling 29,000 square feet. Newly Remodeled Interior, New Lighting Throughout, New Landscaping and New Paint. Near Tyler Mall. Ample Parking, Monument Signage, Strong Demographics. Close Proximity to 91 Freeway
Available: 10,000 sf building on 47,916 sf
CAP 5.25%
Available: 10,000 sf building on 47,916 sf
CAP 5.25%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,000 SF
Building Class
C
Year Built
1978
Price
$5,815,000
Price Per SF
$200.52
Cap Rate
5.25%
NOI
$305,288
Tenancy
Single
Building Height
2 Stories
Building FAR
0.61
Lot Size
1.10 AC
Zoning
CR - commercial retail district
Parking
47 Spaces (1.62 Spaces per 1,000 SF Leased)
Frontage
135’ on Magnolia Ave
AMENITIES
- Bus Line
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 145-271-020 | Improvements Assessment | $3,225,240 |
| Land Assessment | $1,248,480 | Total Assessment | $4,473,720 |
PROPERTY TAXES
Parcel Number
145-271-020
Land Assessment
$1,248,480
Improvements Assessment
$3,225,240
Total Assessment
$4,473,720
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10015 Magnolia Ave
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