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Perris Freeway Plaza 333-411 Wilkerson Ave 80,490 SF Retail Building Perris, CA 92570 For Sale
Investment Highlights
- Core Value-Add 80,490 SF Neighborhood Shopping Center Comprised of Six (6) Retail Buildings
- Most Tenants on Month-to-Month Leases
- High Traffic Counts: 111,982 CPD (I-215) & 21,678 CPD (4th St)
- Exceptional Freeway Visibility & Accessibility on I-215 Freeway On/Off Ramp
- 374 On-Site Parking Spaces (4.6:1,000 SF)
- 116,000 Residents with Avg HH Income of $101,711 (5-Mile Radius)
Executive Summary
Core Value-Add 80,490 SF Neighborhood Retail Center This is a court-supervised sale and will be subject to court approval. Project is comprised of five (5) buildings; a large “anchor space”, in-line units that allow for flexibility in sizes for multiple tenants, and four (4) small freestanding buildings. Most tenants on Month-Month leases at low rates. Buyer has opportunity to fully re-tenant and refurbish the Project. Exceptional Freeway Visibility & Accessibility on I-215 Freeway On/Off Ramp with Freeway Pylon Sign. 374 On-Site Parking Spaces (4.6:1,000 SF). Zoned “4th Street Gateway”: Retail, Office, Services, Multifamily Allowed by Right. High Traffic Counts: 111,982 CPD (I-215) & 21,678 CPD (4th St). 116,000 Residents with Avg HH Income of $101,711 (5-Mile Radius). Call for NDA & access to the Document Center. Best Offer.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
80,490 SF
Building Class
C
Year Built
1986
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
7.12 AC
Zoning
4th Street Gateway - “4th Street Gateway” within the Downtown Specific Plan (DTSP-4); Retail, office, restaurants, service, multifamily & residential condo uses
Parking
374 Spaces (4.64 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $14,553,115 | |
| Land Assessment | $3,266,856 | Total Assessment | $17,819,971 |
Property Taxes
Parcel Numbers
Land Assessment
$3,266,856
Improvements Assessment
$14,553,115
Total Assessment
$17,819,971
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Perris Freeway Plaza | 333-411 Wilkerson Ave
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