24759-24811 Sunnymead blvd - Retail FOR SALE


Moreno Valley, CA 92553- Moreno Valley West
$4,590,000 USD
310-817-0828
24759-24811 Sunnymead blvd, Moreno Valley, CA for Sale
$4,590,000 USD
Retail - FOR SALE
1/8
null | 6.79% Cap Rate

24759-24811 Sunnymead blvd
Moreno Valley, CA 92553
Moreno Valley West


HIGHLIGHTS

  • $200,000 in recent capital improvements
  • Approx 32,476 of building. 2 parcels
  • Retail / Automotive Center
  • Adjacent to 60 Freeway off-ramp
  • Excellent visibility
  • 3.05 Acres

OVERVIEW

Las Brisas Center. Value-add opportunity! Historically high occupancy, shopping center with tenants dating back 20+ years. Over $200,000 in Recent capital improvements including a new roof, new slurry coat & restriping, new paint and new signage, new drought resistant landscaping, surveillance cameras. Retail tenants include Marisco’s Mexican Restaurant and a 4500 sq ft vacant former bar. Anchored by Inland Empire Autobody & Paint occupying 36% of the GLA. Along with an additional 11,010 sq feet of vehicle related business’s. Property has plentiful parking. All tenants with below market rents.

FOR SALE DETAILS

PRICE

$4,590,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

6.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Las Brisas Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

481-180-045

ASK ABOUT THIS PROPERTY

Simon Asef, CCIMDMC Real EstateMore Info
310-817-0828

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Simon Asef, CCIMDMC Real EstateMore Info
310-817-0828

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