9571 Magnolia Ave
Riverside, CA 92503
100% Occupied Multi-Tenant Retail Center · Retail Property For Sale
Property Facts
Amenities
- Bus Line
- Signage
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
About 9571 MAGNOLIA AVE , RIVERSIDE, CA 92503
100% Occ upied Multi -Tenant Retail Center • The subject property is leased to 3 retail service tenants with staggered lease expirations • Internet-Proof Service Tenants including Body Massage, Water Island Foot Body Massage and Threshold Fitness • The property is being offered below replacement cost at $196/SF Predictable Cash Flow with Upside Potential • Strong hedge against inflation with fixed 3% increase annually for all tenants during the primary terms and option periods • Future upside due to below market rents High Traffic Location • The subject property is located in a dense, infill area, near the highest trafficked intersection of Van Buren Boulevard and Magnolia Avenue in Riverside with nearly 67,000 cars per day • The on/off ramp access with the 91 Freeway at Van Buren Blvd provides easy access to the subject property and surrounding areas
Property Taxes
| Parcel Number | 145-304-006 | Improvements Assessment | $1,763,478 |
| Land Assessment | $317,322 | Total Assessment | $2,080,800 |
Property Taxes
