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318-334 S D St 13,640 SF 100% Leased Retail Building Perris, CA 92570 $3,500,000 ($256.60/SF) 4.01% Cap Rate



INVESTMENT HIGHLIGHTS
- This exceptional multi-building commercial portfolio is strategically located in Downtown Perris. Please do not disturb or contact tenants.
- Please contact listing agents for more information.
EXECUTIVE SUMMARY
Prime Downton Perris Commercial Portfolio. 10 units across 4 Buildings. A rare opportunity to acquire 4 commercial buildings totaling 10 individual units located in the heart of the City of Perris' Downtown Redevelopment Area. This portfolio includes the historic Lerner Warehouse Building, offering character, visibility, and strong potential for repositioning or long term cash flow. With most units currently leased at rents far below market value, this portfolio offers significant upside for investors. The ability to adjust rental rates to market standards, combined with ongoing City redevelopment efforts, positions this asset for major NOI growth and long-term value creation. Situated within a rapidly improving district supported by the City's ongoing revitalization efforts, these properties provide excellent frontage and proximity to civic centers, transit, and future development. Ideal for investors seeking multi-tenant commercial income, value-add potential, or participation in the area's long-term growth. Whether utilized for retail, office, creative space, or adaptive reuse, this exceptional multi-building offering represents one of the most strategically located commercial opportunities in Downtown Perris.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$181,329
|
$13.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$181,329
|
$13.29
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$40,922
|
$3.00
|
| Net Operating Income |
$140,407
|
$10.29
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $181,329 |
| Annual Per SF | $13.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $181,329 |
| Annual Per SF | $13.29 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $40,922 |
| Annual Per SF | $3.00 |
| Net Operating Income | |
|---|---|
| Annual | $140,407 |
| Annual Per SF | $10.29 |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
13,640 SF
Building Class
C
Year Built
1950
Price
$3,500,000
Price Per SF
$256.60
Cap Rate
4.01%
NOI
$140,407
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
C2, Perris
Frontage
AMENITIES
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Alex Bridal & Photographer
- Retailer
- -
- -
- -
- Anahi's Boutique
- Retailer
- -
- -
- -
- Cove Glam
- Retailer
- -
- -
- -
- Down Town Treasure Box
- Public Administration
- -
- -
- -
- Garage Door Repair Perris
- Retailer
- -
- -
- -
- Maroly's Ice Cream LLC
- Retailer
- -
- -
- -
- Nieve De Garrafa La Que Buena
- Retailer
- -
- -
- -
- S S Registration & Insurance
- Finance and Insurance
- -
- -
- -
- World's Biggest Barber Shop
- Services
- -
- -
- -
- Zapateria Jerez
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Alex Bridal & Photographer | Retailer | - | - | - | ||
| Anahi's Boutique | Retailer | - | - | - | ||
| Cove Glam | Retailer | - | - | - | ||
| Down Town Treasure Box | Public Administration | - | - | - | ||
| Garage Door Repair Perris | Retailer | - | - | - | ||
| Maroly's Ice Cream LLC | Retailer | - | - | - | ||
| Nieve De Garrafa La Que Buena | Retailer | - | - | - | ||
| S S Registration & Insurance | Finance and Insurance | - | - | - | ||
| World's Biggest Barber Shop | Services | - | - | - | ||
| Zapateria Jerez | Retailer | - | - | - |
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $904,782 (2025) | |
| Land Assessment | $241,825 (2025) | Total Assessment | $1,146,607 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$241,825 (2025)
Improvements Assessment
$904,782 (2025)
Total Assessment
$1,146,607 (2025)
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318-334 S D St
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