24525 Alessandro Boulevard
Moreno Valley, CA 92553

$1,295,000

Description

Great Investment or Owner-User Opportunity! 4 unit Freestanding retail/office building with 215 SF of Frontage on Alessandro Blvd. High traffic location with historical strong tenancy. 2 of the 3 current tenants are on NNN Leases. 5.5% Current Cap Rate and 6.8% Market Cap Rate. The building includes 30 of its own dedicated parking spaces. Strong Corporate Neighbors - Moreno Valley is home to many Fortune 500 and international companies, including Amazon, Proctor & Gamble, Skechers USA, Harbor Freight Tools, ALDI Foods, Philips Electronics, Walgreens, Lowe's, and many more.

Details

MLS#PW19083575
StyleRetail
Sub-TypeResale
StatusActive
Year1982
Days On Site11

Features

SQ Feet8,120
Story(s)0
Units4
ZoningC1

Market Activity 92553

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Area Information

StateCA
CountyRiverside
CityMoreno Valley
Zip Code92553
Area259 - Moreno Valley
Listing VS Median (in 92553)
Price:
$1,295,000
low | high
Med:
$320,000
100% of Average
SqFt:
8,120
low | high
Med:
1,416
100% of Average
$ / SqFt:
$159
low | high
Med:
$228
7.071028055484% of Average
On Site:
11
low | high
Med:
76.5
14.37908496732% of Average
Listing Updated: 04/23/2019
MLS Number: PW19083575
Listing Provided By:
Spencer Pabst  of  Pabst Kinney Associates
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.