6876 Magnolia Ave
Riverside, CA 92506
Magnolia Office Campus · Office Property For Sale

• ±8,633 SF fully improved former bank building • 4 total buildings with shared courtyard space • Dedicated parking field with ample 5.5:1000 parking ratio (48 total spaces) • Well situated for a variety of uses including: o Medical, accounting, financial planning, insurance, law firm, educational, and more • Opportunity to take advantage of financing from the Small Business Administration at record low rates. Typically requiring a down payment of as little as 10% to 15%, an owner-user could own and occupy this building for as little as $0.95/SF/MO and eventually own the building free and clear. • Recent improvements include: o Upgraded exterior lighting o New exterior paint o New security gates LOCATION OVERVIEW Situated along Magnolia Avenue, one of Riverside's most prominent office/medical/commercial corridors: o 21,560 cars per day o 120 feet of frontage • Strong 3-Mile Demographics: o 114,595 residents o 51,898 daytime population o $86,165 average incomes • Traffic generators in the area include: o Riverside Community College (1.8 miles; 20,605+ students enrolled) o California Baptist University (2.1 miles; 11,000+ students enrolled) o Riverside Community Hospital (2.2 miles; 373-bed facility + largest Emergency Room/ Trauma Center in the Inland Empire) o Parkview Community Hospital (2.8 miles; 193 bed acute care hospital)