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Las Brisas Shopping Center 24801 Sunnymead Blvd 32,476 SF 100% Leased Retail Building Moreno Valley, CA 92553 $5,250,000 ($161.66/SF) 7.87% Cap Rate
Investment Highlights
- CAP Rate, 7.87% (Proforma 10.7%)
- Long Term Tenants, historically low vacancy rate
- Across 60 Freeway off-ramp with 207k CPD
- Two Parcels on 3.05 acres
- $200,000 in Capital Improvements!
- Excellent street exposure, ingress/egress
Executive Summary
Historically high occupancy, shopping center with tenants dating back 20+ years. Over
$200,000 in Recent capital improvements including a new roof, new slurry coat & restriping, new paint and new
signage, new drought resistant landscaping, surveillance cameras. Retail tenants include Marisco’s Mexican
Restaurant. Anchored by Inland Empire Autobody & Paint occupying 36% of the GLA. Along with an additional
11,010 sq feet of vehicle related business’s. Property has plentiful parking. All tenants with below market rents.
$200,000 in Recent capital improvements including a new roof, new slurry coat & restriping, new paint and new
signage, new drought resistant landscaping, surveillance cameras. Retail tenants include Marisco’s Mexican
Restaurant. Anchored by Inland Empire Autobody & Paint occupying 36% of the GLA. Along with an additional
11,010 sq feet of vehicle related business’s. Property has plentiful parking. All tenants with below market rents.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
32,476 SF
Building Class
B
Year Built
1985
Price
$5,250,000
Price Per SF
$161.66
Cap Rate
7.87%
NOI
$413,273
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
1.92 AC
Zoning
C1 - Mixed use Commercial. COMU - SP 204 CC
Frontage
237’ on Sunnymead Blvd
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Auto shop located in Las Brisas Center - strip center.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 11,860 SF | Retail | - | Now |
1st Floor
| Size |
| 11,860 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 11,860 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Auto shop located in Las Brisas Center - strip center.
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 481-180-048 | Improvements Assessment | $2,107,322 |
| Land Assessment | $792,226 | Total Assessment | $2,899,548 |
Property Taxes
Parcel Number
481-180-048
Land Assessment
$792,226
Improvements Assessment
$2,107,322
Total Assessment
$2,899,548
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Las Brisas Shopping Center | 24801 Sunnymead Blvd
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