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Red Maple Tower 25025 Red Maple Ln 5,871 SF 95% Leased Retail Building Moreno Valley, CA 92551 $2,150,000 ($366.21/SF) 5.60% Cap Rate
Investment Highlights
- Low price point
- Located on the main intersection of Perris Blvd and Iris Ave
- Ample parking
- Clean/well maintained property
- Almost fully leased
- Close proximity to Highway 215 and Lake Perris
Executive Summary
Avison Young is pleased to present the opportunity to acquire an almost fully leased retail strip center with ample parking located at 25025 Red Maple Lane, in Moreno Valley, CA. This ±5,871 SF strip center sits on a 0.69 AC lot with ample parking. Located in the Moreno Valley/Perris Submarket, this space is a great fit for a private investor looking to immediately begin operations without extensive setup.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Building Size
5,871 SF
Building Class
C
Year Built
2006
Price
$2,150,000
Price Per SF
$366.21
Cap Rate
5.60%
NOI
$120,400
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.69 AC
Zoning
CC, Moreno Valley
Parking
53 Spaces (4.5 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Benevides Income Tax
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Club7.us
- Services
- -
- -
- -
- -
- First Impression Barbershop
- Services
- -
- -
- -
- -
- Jeremy Mcgrath Agency Farmers Insurance
- -
- -
- $21.00
- Triple Net
- Dec 2022
- Ms Yvette's Elysian Hair
- Services
- -
- -
- Triple Net
- Dec 2017
- Pacific Smile Dental Clinic
- Health Care and Social Assistance
- -
- -
- -
- -
- Tone It Fitness
- Arts, Entertainment, and Recreation
- -
- $15.00
- Triple Net
- Apr 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Benevides Income Tax | Professional, Scientific, and Technical Services | - | - | - | - | |
| Club7.us | Services | - | - | - | - | |
| First Impression Barbershop | Services | - | - | - | - | |
| Jeremy Mcgrath Agency Farmers Insurance | - | - | $21.00 | Triple Net | Dec 2022 | |
| Ms Yvette's Elysian Hair | Services | - | - | Triple Net | Dec 2017 | |
| Pacific Smile Dental Clinic | Health Care and Social Assistance | - | - | - | - | |
| Tone It Fitness | Arts, Entertainment, and Recreation | - | $15.00 | Triple Net | Apr 2030 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 312-020-020 | Improvements Assessment | $965,752 |
| Land Assessment | $454,756 | Total Assessment | $1,420,508 |
Property Taxes
Parcel Number
312-020-020
Land Assessment
$454,756
Improvements Assessment
$965,752
Total Assessment
$1,420,508
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Red Maple Tower | 25025 Red Maple Ln
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