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- LoopNet Team
3375 Iowa Ave
Riverside, CA 92507
University Heights at UC Riverside · Retail Property For Sale
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
About 3375 IOWA AVE , RIVERSIDE, CA 92507
- Current Cap Rate of 6.70% With Substantial Upside to 7.53% Pro Forma Cap Rate by Converting Gross Leases to NNN - Low Price Per Square Foot - Now 100% Occupied - Center Benefits from Updated Paint and Parking Lot - Just Two Minutes from the University of California, Riverside which has Over 23,200 Students - Just Off the 215 Freeway (157,000+ Cars Per Day) - Over 1,600 Apartment & Student Living Units are Located ½ a mile from the Subject Property - Signalized Corner Location with a Combined Traffic Count of 41,050+ Cars Per Day - Close Proximity to the Areas Major Schools - 44,000+ Students are Located in this Submarket Providing a Long Term Stable Flow of Consumers - Across the Street From a Stater Bros. Anchored Center Whose Tenant Include, Jack in the Box, Duke’s Bar & Grill, and Farmer Boys
Property Taxes
| Parcel Number | 250-150-009 | Improvements Assessment | $6,135,353 |
| Land Assessment | $2,007,932 | Total Assessment | $8,143,285 |
Property Taxes
