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14920 Perris Blvd 23,888 SF 100% Leased Retail Building Moreno Valley, CA 92553 $3,990,000 ($167.03/SF) 6.84% Cap Rate



EXECUTIVE SUMMARY
14920 Perris Blvd, Moreno Valley, CA presents a rare opportunity for investors and 1031
exchange buyers to acquire a stabilized, income-producing multi-tenant retail center in one of
Southern California’s fastest-growing markets.
Ideally situated adjacent to a thriving center anchored by Cardenas Supermarket, the property
benefits from excellent visibility, steady customer flow, and strong tenant synergy. The center
features a diverse mix of national and regional tenants, including Little Caesars, China Bowl,
Lemon Tree Sushi & Ramen, and Steer ’N Stein Steakhouse, all of which drive consistent foot
traffic and long-term value.
Beautifully renovated in 2021, the property showcases a modernized food court, EV charging
stations, and upgraded amenities, creating a welcoming and contemporary retail environment
for both tenants and visitors. With stable occupancy, diversified income streams, and minimal
management requirements, this asset offers immediate cash flow and strong long-term
upside—a turnkey, high-yield investment positioned in the heart of Moreno Valley’s dynamic
retail corridor.
exchange buyers to acquire a stabilized, income-producing multi-tenant retail center in one of
Southern California’s fastest-growing markets.
Ideally situated adjacent to a thriving center anchored by Cardenas Supermarket, the property
benefits from excellent visibility, steady customer flow, and strong tenant synergy. The center
features a diverse mix of national and regional tenants, including Little Caesars, China Bowl,
Lemon Tree Sushi & Ramen, and Steer ’N Stein Steakhouse, all of which drive consistent foot
traffic and long-term value.
Beautifully renovated in 2021, the property showcases a modernized food court, EV charging
stations, and upgraded amenities, creating a welcoming and contemporary retail environment
for both tenants and visitors. With stable occupancy, diversified income streams, and minimal
management requirements, this asset offers immediate cash flow and strong long-term
upside—a turnkey, high-yield investment positioned in the heart of Moreno Valley’s dynamic
retail corridor.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,888 SF
Building Class
C
Year Built
1988
Price
$3,990,000
Price Per SF
$167.03
Cap Rate
6.84%
NOI
$272,916
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
2.19 AC
Zoning
R5, Moreno Valley
Parking
40 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
163’ on Perris Blvd
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Baby Boutique
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Harvest Time Church
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- Mongolian BBQ
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Baby Boutique | - | - | - | Lorem Ipsum | Jan 0000 | |
| Harvest Time Church | - | - | - | Lorem Ipsum | Jan 0000 | |
| Mongolian BBQ | - | - | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 484-253-032 | Improvements Assessment | $1,895,648 |
| Land Assessment | $1,126,449 | Total Assessment | $3,022,097 |
PROPERTY TAXES
Parcel Number
484-253-032
Land Assessment
$1,126,449
Improvements Assessment
$1,895,648
Total Assessment
$3,022,097
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14920 Perris Blvd
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