47150 Washington Street

Retail-Commercial for Sale
Catylist Listing ID: 30348679
Property Subtypes: Restaurant
Building Size (RSF): 6,425 SF
Gross Land Area: 20,909 SF
Sale Price: $0
Unit Price: $0 PSF
Ceiling: 20 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: 47150 Washington Street
Usable Size (USF): 6,425 SF
Sale Terms: Cash to Seller
Cap Rate: 5.25%
Average Occupancy Rate: 100
Last Updated: 3/21/2019

Overview / Comments

Unpriced investment opportunity. Free standing building in an office park with two established restaurants as tenants. NNN leases for each tenant. Stucco and stacked stone design with tower element. Shares parking with other buildings in the development. NOI of $182,850. One block from Washington Park shopping center. OM available to qualified buyers and their brokers. Make an offer!

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County
Tax ID/APN: 643-200-026
Retail Clientele: General, Family, Tourist
Property Located Between: Avenue 47 and Avenue 48
Property Visibility: Good
Largest Nearby Street: Washington Street
Feet of Frontage: 120
Traffic/Vehicle Count: 42,000
Highway Access: Highway 111 is 1/4 mile north; I-10 is 3.25 miles north
Airports: Palm Springs International, Jacqueline Cochran, Bermuda Dunes
Site Description: Interior building surrounded by office buildings, residential development, and major shopping center.
Area Description: Close to Washington Park shopping center, Lake La Quinta residential development, Rancho La Quinta gated community, and other residential development.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,425 SF
Year Built: 2005
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Stone, Stucco
Exterior Description: Stucco with stone accents. Sign tower on NW corner of building.
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Head in parking on two sides of the building. Shared parking also with surrounding office buildings.
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Each restaurant has its own distinctive decor. Restrooms shared by the two restaurant tenants.
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: Fee simple
Legal Description: APN 643-200-026-1

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,809 59,963 158,205
Median Age: 48.35 41.34 40.01
Households: 2,789 22,375 58,028

Sponsoring Organization

© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Desert Area Commercial Information Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.