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9920 Arlington Ave 2 Acres of Industrial Land Offered at $4,750,000 in Riverside, CA 92503
INVESTMENT HIGHLIGHTS
- Fully Improved Industrial Yard
- Zoning: BMP, City of Riverside (Verify)
EXECUTIVE SUMMARY
- 100% Leased to Brandt Brothers Enterprises http://brandtbrothers.com/
- Location: Riverside, CA
- ±2 Acres of Improved Industrial Land with ±5,248 SF of office/warehouse, 800 amps of power (verify), and ±8,000 SF of covered yard
- 62-month lease term
- $0.30/SF NNN with 3.75% annual escalations
- Stabilized Cap Rate: 6.71% | Year 1 Cap: 5.50% (includes 50% rent abatement in months 2, 3, 4, & 5)
- AIR Single Tenant Lease- Net (NNN)
- Offered at: $4,750,000 ($54.52 PSF)
- Location: Riverside, CA
- ±2 Acres of Improved Industrial Land with ±5,248 SF of office/warehouse, 800 amps of power (verify), and ±8,000 SF of covered yard
- 62-month lease term
- $0.30/SF NNN with 3.75% annual escalations
- Stabilized Cap Rate: 6.71% | Year 1 Cap: 5.50% (includes 50% rent abatement in months 2, 3, 4, & 5)
- AIR Single Tenant Lease- Net (NNN)
- Offered at: $4,750,000 ($54.52 PSF)
PROPERTY FACTS
| Price | $4,750,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | |
| Sale Condition | 1031 Exchange | Total Lot Size | 2.00 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | BMP | ||
| Price | $4,750,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 2.00 AC |
| Opportunity Zone |
Yes |
| Zoning | BMP |
1 LOT AVAILABLE
Lot
| Price | $4,750,000 | Lot Size | 2.00 AC |
| Price Per AC | $2,375,000.00 |
| Price | $4,750,000 |
| Price Per AC | $2,375,000.00 |
| Lot Size | 2.00 AC |
• Fully Improved Industrial Yard • Zoning: BMP, City of Riverside (Verify) • Approx. 5,248 SF Office / Warehouse • Air-conditioned offices with five (5) privates, lobby, kitchen, lunchroom, and four (4) restrooms • Two Grade level doors in warehouse
DESCRIPTION
IOS/ Contractors Yard
1 1
PROPERTY TAXES
| Parcel Number | 151-020-001 | Improvements Assessment | $939,169 |
| Land Assessment | $2,775,058 | Total Assessment | $3,714,227 |
PROPERTY TAXES
Parcel Number
151-020-001
Land Assessment
$2,775,058
Improvements Assessment
$939,169
Total Assessment
$3,714,227
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9920 Arlington Ave
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