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10920 Magnolia Ave 9,600 SF 100% Leased Retail Building Riverside, CA 92505 For Sale
INVESTMENT HIGHLIGHTS
- Rare 9,600 SF multi-tenant restaurant pad at one of the area’s most prominent intersections
- Tenancy includes best in class operators, Blaze Pizza, California Fish Grill, Luna Grill, Subway and ShareTea
- Affluent demographic base with average household incomes exceeding $115,000 per year
- Strong rent driver as the pad is parked to accommodate all restaurant users
- Riverside is the top performing retail market in the Inland Empire with over 336,000 residents
- Large student population base with over 26,000 students enrolled at UC Riverside
EXECUTIVE SUMMARY
The Newmark Pacific Retail Capital Markets Team presents the unique opportunity to acquire an outstanding multi-tenant shop building at one of the premier intersections in the City of Riverside. The subject property is a 9,600 square foot shop pad located at the Southwest corner of Magnolia Avenue and Park Sierra Drive across the street from the Kaiser Permanente Regional Medical Center. The pad is part of the Park Sierra Shopping Center which includes Walgreens, LA Fitness, McDonald’s, and Raising Cane’s.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
9,600 SF
Building Class
B
Year Built
2019
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.33 AC
Zoning
CG
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 138-470-037 | Improvements Assessment | $6,185,551 |
| Land Assessment | $1,020,882 | Total Assessment | $7,206,433 |
PROPERTY TAXES
Parcel Number
138-470-037
Land Assessment
$1,020,882
Improvements Assessment
$6,185,551
Total Assessment
$7,206,433
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10920 Magnolia Ave
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