9563 Magnolia Avenue
Riverside, CA 92503

$1,774,000

Description

Progressive Real Estate Partners is pleased to present the opportunity to acquire a 100% Occupied Multi-tenant Retail Building in the city of Riverside. The property is leased to three service tenants including Body Massage, Water Island Foot Body Massage and Threshold Fitness with fixed 3% annual increases, offering investors a hedge against inflation. Magnolia Avenue is one of Riversides primary commercial corridor; the subject property is located on Magnolia Avenue just west of Van Buren Boulevard intersection with traffic counts of over 67,000 cars per day.

Details

MLS#CV18262663
StyleRetail
Sub-TypeResale
StatusActive
Days On Site41

Features

SQ Feet10,500
Story(s)1

Market Activity 92503

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Area Information

StateCA
CountyRiverside
CityRiverside
Zip Code92503
Area252 - Riverside
Listing VS Median (in 92503)
Price:
$1,774,000
low | high
Med:
$415,000
100% of Average
SqFt:
10,500
low | high
Med:
1,568
100% of Average
$ / SqFt:
$169
low | high
Med:
$265
6.652641327106% of Average
On Site:
41
low | high
Med:
42
97.619047619048% of Average
Listing Updated: 02/14/2019
MLS Number: CV18262663
Listing Provided By:
BRAD UMANSKY  of  PROGRESSIVE R. E. PARTNERS
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