Leased Investment for Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30754107
Property Subtypes: Net Leased, Office Building
Status: Pending/Contingent
Building Size (RSF): 10,300 SF
Gross Building Area: See Agent
Sale Price: $1,950,000
Unit Price: $189.32 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2021

Overview / Comments

This professional office building is upgraded throughout, and consists of a beautiful reception area, with a large built-in receptionist desk, two conference rooms, one of which is large and features built-in cabinetry and a coffee bar, multiple private offices and bullpen areas, a kitchenette and break room area, a tech room, four restrooms, an office equipment and file room area, and two storage rooms. Furthermore, there is an upstairs private suite, with an additional storage room.

The exterior has been meticulously maintained, and features a covered parking area, with newer Alumawood slats. Additionally, the Seller has replaced all 10 of the HVAC units.

A new 5 year Single Tenant NNN lease has just been executed, which yields a 6.34% Cap Rate.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 632-060-034
Zoning: SI
Year Built: 1995
Total Parking Spaces: 29

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,634 52,287 108,358
Median Age: 49.67 51.91 51.88
Households: 3,865 25,227 50,475

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