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Bldg C 6688 Doolittle Ave 18,834 SF Industrial Building Riverside, CA 92503 $5,367,690 ($285/SF) 4.97% Cap Rate



Investment Highlights
- Fully leased to a global industrial leader through 2028
- Gated and secure yard with heavy power (1,600 amps)
- Prime Riverside location near major freeways and logistics routes
- Projected 2025 NOI of $266,632 with 3% annual increases
- Functional loading with two dock-high doors and one drive-in
Executive Summary
Positioned in Riverside’s thriving Business Manufacturing Park, 6688 Doolittle Avenue offers investors a rare opportunity to acquire a stabilized industrial asset with strong income and a nationally recognized tenant. This ±18,834 SF facility, constructed in 2005, features a gated and secure yard, heavy power capacity of 1,600 amps, and functional loading with two dock-high doors and one grade-level drive-in. The building’s 20-foot clear height and efficient column spacing support a wide range of industrial uses, while its 2.00/1,000 SF parking ratio enhances operational convenience.
The property is fully leased to Hubbell Power Systems, Inc., a global leader in utility and telecommunications products, under a term extending through July 2028. The lease includes 3% annual increases and a five-year renewal option at fair market value, ensuring predictable cash flow and long-term stability. With a projected 2025 NOI of $266,632, this asset offers investors a compelling combination of income security and growth potential.
Strategically located near major transportation corridors, including I-215 and SR-60, the site provides excellent regional connectivity to the Inland Empire’s robust industrial market. Riverside’s pro-business environment and proximity to Southern California’s logistics infrastructure further enhance the property’s appeal. This is an exceptional opportunity to secure a high-quality industrial investment in one of the nation’s most dynamic distribution hubs.
The property is fully leased to Hubbell Power Systems, Inc., a global leader in utility and telecommunications products, under a term extending through July 2028. The lease includes 3% annual increases and a five-year renewal option at fair market value, ensuring predictable cash flow and long-term stability. With a projected 2025 NOI of $266,632, this asset offers investors a compelling combination of income security and growth potential.
Strategically located near major transportation corridors, including I-215 and SR-60, the site provides excellent regional connectivity to the Inland Empire’s robust industrial market. Riverside’s pro-business environment and proximity to Southern California’s logistics infrastructure further enhance the property’s appeal. This is an exceptional opportunity to secure a high-quality industrial investment in one of the nation’s most dynamic distribution hubs.
Property Facts
| Price | $5,367,690 | Rentable Building Area | 18,834 SF |
| Price Per SF | $285 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2005 |
| Cap Rate | 4.97% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 0.85 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | BMP - Business Manufacturing Park | ||
| Price | $5,367,690 |
| Price Per SF | $285 |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.97% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.85 AC |
| Rentable Building Area | 18,834 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Tenancy | Single |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | BMP - Business Manufacturing Park |
Amenities
- Bus Line
- Fenced Lot
Utilities
- Lighting - Metal Halide
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Property Taxes
| Parcel Number | 155-280-053 | Improvements Assessment | $2,753,834 |
| Land Assessment | $588,970 | Total Assessment | $3,342,804 |
Property Taxes
Parcel Number
155-280-053
Land Assessment
$588,970
Improvements Assessment
$2,753,834
Total Assessment
$3,342,804
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Bldg C | 6688 Doolittle Ave
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