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6370 Magnolia Ave 49,499 SF 68% Leased Office Building Riverside, CA 92506 $6,000,000 ($121.21/SF)
INVESTMENT HIGHLIGHTS
- MU-U Mixed Use-Urban Zoning
- The property connects parking areas to the office building entries seamlessly with decorative pavers utilized in select areas
- (91) Riverside Freeway in close proximity at Central Ave
EXECUTIVE SUMMARY
The subject property is a prominent office building located in Riverside, California. The site is bordered on all sides by significant national retail tenants, office, and residential developments. The building contains three stories above grade, and one story below grade. The ground floor of the building is occupied by a B of A branch and investment
advisatory division, which includes interior areas open to the public and drive-through automated teller machines (ATMs). The upper floors of the building are demised in various tenant configurations.
advisatory division, which includes interior areas open to the public and drive-through automated teller machines (ATMs). The upper floors of the building are demised in various tenant configurations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
49,499 SF
Building Class
B
Year Built/Renovated
1958/1998
Price
$6,000,000
Price Per SF
$121.21
Percent Leased
68%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,500 SF
Slab To Slab
11’
Building FAR
0.43
Lot Size
2.66 AC
Zoning
C3, Riverside
Parking
203 Spaces (4.1 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Two (2) private offices, bull pen
Open office
Reception, one (1) office, one (1) conference room, storage, bull pen
Open space
- 2nd Fl-Ste 240
- 1,165 SF
- Office
- -
- Now
In research
Reception, conference room, seven (7) private offices, storage room, open area
Reception, eight (8) offices, open area
| Space | Size | Space Use | Condition | Available |
| Lower Level-Ste L-120 | 1,022 SF | Office | - | Now |
| Lower Level-Ste L-130 | 1,367 SF | Office | - | Now |
| Lower Level-Ste L-140 | 2,780 SF | Office | - | Now |
| 2nd Fl-Ste 230 | 1,435 SF | Office | - | Now |
| 2nd Fl-Ste 240 | 1,165 SF | Office | - | Now |
| 3rd Fl-Ste 300 | 2,420 SF | Office | - | Now |
| 3rd Fl-Ste 320 | 3,169 SF | Office | - | Now |
| 3rd Fl-Ste 340 | 2,295-2,296 SF | Office | - | Now |
Lower Level-Ste L-120
| Size |
| 1,022 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
Lower Level-Ste L-130
| Size |
| 1,367 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
Lower Level-Ste L-140
| Size |
| 2,780 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 230
| Size |
| 1,435 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 240
| Size |
| 1,165 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 2,420 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 320
| Size |
| 3,169 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 340
| Size |
| 2,295-2,296 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
Lower Level-Ste L-120
| Size | 1,022 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Two (2) private offices, bull pen
Lower Level-Ste L-130
| Size | 1,367 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Open office
Lower Level-Ste L-140
| Size | 2,780 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Reception, one (1) office, one (1) conference room, storage, bull pen
2nd Fl-Ste 230
| Size | 1,435 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Open space
3rd Fl-Ste 300
| Size | 2,420 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
In research
3rd Fl-Ste 320
| Size | 3,169 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Reception, conference room, seven (7) private offices, storage room, open area
3rd Fl-Ste 340
| Size | 2,295-2,296 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Reception, eight (8) offices, open area
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 225-134-003 | Improvements Assessment | $3,934,816 |
| Land Assessment | $2,053,446 | Total Assessment | $5,988,262 |
PROPERTY TAXES
Parcel Number
225-134-003
Land Assessment
$2,053,446
Improvements Assessment
$3,934,816
Total Assessment
$5,988,262
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6370 Magnolia Ave
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