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21801 Alessandro Blvd 9,100 SF Office Building Moreno Valley, CA 92553 $4,003,000 ($439.89/SF) 6.42% Cap Rate
Investment Highlights
- True Triple Net (NNN) Lease An uncommon structure for office investments—offering hands-off ownership and expense certainty.
- Secure Lease + Built-In Growth Lease term through 2030 with two (5-year) renewal options and scheduled rent increases—no near-term rollover risk.
- A compelling opportunity to acquire a healthcare-backed, income-stable office asset in a growing Inland Empire market—ideal for investors.
- Essential Healthcare Tenant 100% leased to Community Health Systems, Inc., an established provider of essential medical services.
- Prime Freeway-Adjacent Location Highly visible site along Alessandro Boulevard, just east of Interstate 215, offering strong access and exposure.
Executive Summary
21801 Alessandro Boulevard represents a rare opportunity to acquire a single-tenant, True NNN medical office investment located in the heart of Moreno Valley, California. The ±9,100 SF freestanding building is 100% leased to Community Health Systems, Inc., a mission-driven healthcare provider delivering essential medical services to the surrounding Inland Empire community.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
9,100 SF
Building Class
B
Year Built/Renovated
1960/2011
Price
$4,003,000
Price Per SF
$439.89
Cap Rate
6.42%
NOI
$256,993
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,100 SF
Building FAR
0.26
Lot Size
0.79 AC
Zoning
BP - business park
Parking
40 Spaces (4.4 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 297-120-001 | Improvements Assessment | $590,566 |
| Land Assessment | $355,433 | Total Assessment | $945,999 |
Property Taxes
Parcel Number
297-120-001
Land Assessment
$355,433
Improvements Assessment
$590,566
Total Assessment
$945,999
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21801 Alessandro Blvd
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