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IOWA CORPORATE CENTER 6 Properties in Riverside, CA
Executive Summary
Voit Real Estate Services and Lee & Associates are pleased to present the exclusive opportunity to acquire
Iowa Corporate Center, a six-building, multi-tenant business park totaling ±125,974 square feet on ±8.74
acres in Riverside, California. The project is currently 94% leased to 18 tenants, with a diversified mix of
local government agencies, service providers, and light industrial users. The tenancy is characterized by
staggered lease expirations and a long-term occupancy history, offering investors stable in-place cash
flow with upside potential in rents as units rollover. Flexible space configurations, including units ranging
from ±876 SF to ±24,830 SF with varying office build-out and convenient 3.4:1 surface parking cater to a
wide variety of tenant requirements. The project’s location in the Hunter Park area of Riverside—adjacent
to major freeway interchanges and surrounded by a strong labor base—further enhances tenant appeal.
Its Opportunity Zone location can also be advantageous to Investors. A new owner has the opportunity
to enhance yield through market rent adjustments, selective repositioning, and more proactive leasing
strategies in a submarket with historically strong demand, limited supply of comparable product, and
significant barriers of entry for future construction of similar product type.
Iowa Corporate Center, a six-building, multi-tenant business park totaling ±125,974 square feet on ±8.74
acres in Riverside, California. The project is currently 94% leased to 18 tenants, with a diversified mix of
local government agencies, service providers, and light industrial users. The tenancy is characterized by
staggered lease expirations and a long-term occupancy history, offering investors stable in-place cash
flow with upside potential in rents as units rollover. Flexible space configurations, including units ranging
from ±876 SF to ±24,830 SF with varying office build-out and convenient 3.4:1 surface parking cater to a
wide variety of tenant requirements. The project’s location in the Hunter Park area of Riverside—adjacent
to major freeway interchanges and surrounded by a strong labor base—further enhances tenant appeal.
Its Opportunity Zone location can also be advantageous to Investors. A new owner has the opportunity
to enhance yield through market rent adjustments, selective repositioning, and more proactive leasing
strategies in a submarket with historically strong demand, limited supply of comparable product, and
significant barriers of entry for future construction of similar product type.
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 125,828 SF |
| Number of Properties | 6 | Total Land Area | 8.74 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 125,828 SF |
| Total Land Area | 8.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg 1
1020 Iowa Ave, Riverside, CA 92507 |
Flex | 35,000 SF | 1987 | - |
|
Bldg 4
1240 Palmyrita Ave, Riverside, CA 92507 |
Flex | 20,000 SF | 1989 | - |
|
Bldg 2
1280 Palmyrita Ave, Riverside, CA 92507 |
Flex | 10,804 SF | 1988 | - |
|
Bldg 3
1260 Palmyrita Ave, Riverside, CA 92507 |
Industrial | 20,000 SF | 1989 | - |
|
Bldg 6
1040 Iowa Ave, Riverside, CA 92507 |
Office | 31,024 SF | 2001 | - |
|
Bldg 5
1220 Palmyrita Ave, Riverside, CA 92507 |
Office | 9,000 SF | 1989 | - |
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IOWA CORPORATE CENTER
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