714-919-3540
1350 Citrus St, Riverside, CA for Sale
Manufacturing - FOR SALE
1/17
null | Request Cap Rate

1350 Citrus St
Riverside, CA 92507


HIGHLIGHTS

  • Excess Yard
  • Dock High Loading Doors
  • High Warehouse Clearance
  • Heavy Power
  • Short-term Tenant Lease (Expires July 31, 2024)

OVERVIEW

FOR SALE -- Leased Investment w/ Long Term Tenant (44 month lease) Tenant Lease in place until March 31, 2028 (call for details). OR can be Sold Vacant to Owner/User. Landlord can provide 120-day notice to terminate Lease. Year 1 Approximate NOI = $344,448/year Year 1 = $29,952/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring. Year 2 = $33,696.00/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring. The first 2 months of second year shall be invoiced at half rent. Year 3 = $34,706.88/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring. Year 4 = $35,748.08/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring. The Lease may be terminated by Lessor with 120 day written notice to Lessor. Lessee may terminate Lease with 120 day written notice to Lessor during last 2 years of lease. 1350 W. Citrus St., Riverside ± 24,960 SF Bldg. on + 1.18 Acre Lot (+/- 55,320 SF Lot) ± 3,500 SF Office Two (2) Dock High doors with four (4) loading positions Zoning: BMP (Business and Manufacturing Park) – verify with City of Riverside 800 Amps, 277/480 volt (verify) 24’ minimum clear height in warehouse .42/2000 Sprinkler system (verify) APN: 247-140-026 (combined sale option includes APN #'s: 247-140-006, 247-140-007, 247-140-014) ** Excess land, oversized lot, IOS Yard, Industrial Outdoor Storage Yard, Investment oversized yard, contractors yard, storage yard, trucking, truck storage, laydown yard, outdoor storage, indoor storage, Development project, distribution, huge yard, near freeway, truck doors, 1031 Exchange, flexible lease term, vacant or short term lease option, 1031 exchange opportunity, long term tenant, leased investment

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Food Processing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Water, Sewer

CLEAR CEILING HT

24 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18

LAND SF

51,401

ZONING

BMP, Riverside

APN/PARCEL ID

247-140-026

ASK ABOUT THIS PROPERTY

Kyle WilliamsAshwill Associates Commercial Real EstateMore Info
714-919-3540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kyle WilliamsAshwill Associates Commercial Real EstateMore Info
714-919-3540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.