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22605 Alessandro Blvd
Moreno Valley, CA 92553
Marinaj Banquet Hall | Moreno Valley, CA · Office Property For Sale
Investment Highlights
- Single-Tenant Event Center on Long-Term Absolute NNN Lease: 10-year absolute NNN lease
- Three 5-year options at same increases
- Excellent Accessibility and Visibility Along Alessandro Boulevard (32,000 CPD)
- 1.50% annual increases every 5 years
- Strong guaranty for the entire term of the lease; eight-figure net worth
- Dense, Infill Trade Area: Over 259,000 people within a 5-mile radius of the subject property
Executive Summary
10-Year Absolute NNN lease | Huge Reported Sales and Strong EBITDAR/Rent Coverage | 1.50% Annual Increases
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
16,874 SF
Building Class
A
Year Built
2017
Price
$6,460,000
Price Per SF
$382.84
Cap Rate
6.50%
NOI
$420,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
16,874 SF
Slab To Slab
10’
Building FAR
0.19
Lot Size
2.05 AC
Zoning
BPX
Parking
60 Spaces (3.56 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 297-140-054 | Improvements Assessment | $2,397,813 |
| Land Assessment | $784,854 | Total Assessment | $3,182,667 |
Property Taxes
Parcel Number
297-140-054
Land Assessment
$784,854
Improvements Assessment
$2,397,813
Total Assessment
$3,182,667
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