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9571 Magnolia Ave
Riverside, CA 92503
100% Occupied Multi-Tenant Retail Center · Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Storefront
Building Size
10,500 SF
Building Class
C
Year Built
1968
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.79
Lot Size
0.30 AC
Zoning
CLD, Riverside - Down town Arlington Mixed Use Retail
Parking
6 Spaces (0.57 Spaces per 1,000 SF Leased)
Frontage
126’ on Magnolia Ave

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

Property Taxes

Parcel Number
145-304-006
Land Assessment
$317,322
Improvements Assessment
$1,763,478
Total Assessment
$2,080,800
  • Listing ID: 10147330

  • Date on Market: 11/21/2017

  • Last Updated:

  • Address: 9571 Magnolia Ave, Riverside, CA 92503

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