345 EAST RIVERSIDE DRIVE is a single or multitenant flex warehouse/office building plus a secured wareyard situated upon a large 4.5 acre lot on strategically located East Riverside Drive just east of Interstate 15.
The Bureau of Land Management has occupied this building since 1997 and is currently planning a re-location due to an expansion requirement for additional building/ yard space.
The subject property is an ideal location for many occupier or tenant uses. Some of the many building enhancements include a remodeled lobby area with added safety barriers, updated HVAC systems, recently replaced carpet, an updated parking lot, site improvements including concrete added to improve drainage, as well as ongoing periodic maintenance.
The secured back area of the property includes a gated ware-yard with 1,260 square feet of covered parking, secure storage, and a 600 square foot storage building.
Commercial front and man doors are located around the of?ce area. The warehouse features two grade level roll up doors with a man door. Warehouse space features heat and evaporative cooling.
Motivated Landlord is willing to offer concessions to qualified tenants at a rental rate below the current rent established for the existing tenant. The building can be demised to multiple units or leased to a single tenant.
Excellent investment option with attractive in-place income through the remainder of the lease term, which is currently set to expire July 30, 2025 with the right to terminate after April 30, 2025. The government has recently provided notice of their intention to vacate by April 30, 2025, however, if the tenant were to continue occupancy past April 30, 2025, the rental rate shall increase to $84,113.20 monthly.
