10920 Magnolia Ave - Retail FOR SALE
Riverside, CA 92505 |
$8,628,000 USD
213-298-3593
10920 Magnolia Ave
Riverside, CA 92505
HIGHLIGHTS
- Rare 9,600 SF multi-tenant restaurant pad at one of the area’s most prominent intersections
- Strong rent driver as the pad is parked to accommodate all restaurant users
- Tenancy includes best in class operators, Blaze Pizza, California Fish Grill, BurgerIM, Subway and ShareTea
- Located across the street from the Kaiser Permanente Riverside Medical Center with 215 hospital beds and on site outpatient clinics, and over 2.6M vis
- Tenancy includes best in class operators, Blaze Pizza, California Fish Grill, BurgerIM, Subway and ShareTea
- Attractive $3,650,000 loan that can potentially be assumed
FOR SALE DETAILS
PRICE
$8,628,000 USD
PRICE/SF
$906 USD /SF
CAP RATE
5.24%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Park Sierra Shopping Center Pad
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.33 AC
LAND SF
57,935 SF
ZONING
CG
APN/PARCEL ID
138-470-013
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213-298-3593
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213-298-3593
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