437 N Riverside Ave - Loft/Creative Space FOR SALE


Rialto, CA 92376
$2,500,000 USD
909-709-9841
437 N Riverside Ave, Rialto, CA for Sale
$2,500,000 USD
Loft/Creative Space - FOR SALE
1/17
null | 3.5% Cap Rate

437 N Riverside Ave
Rialto, CA 92376


HIGHLIGHTS

  • Hi there, please give Chris and/or Brandon a call for more information and to setup a showing. Please do NOT disturb tenants/businesses.
  • Just North of Foothill Blvd on the right hand side of Riverside Avenue
  • NOI: $86,390 - based off the financials from 2023

OVERVIEW

Located in the heart of downtown Rialto is this world class commercial office building that has been completely restored/remodeled to revive the craftsman's style aesthetics of the original home that came before it. Bonus...the additional parking lot next door (separate APN) is included in the sale! That's a grand total of 0.58 acres of property along Riverside Avenue! Positioned between the 210 freeway and 10 freeway, the property offers professionals and customers easy and simplistic access. This premium office building features: 6,510 sf (4 bathrooms - 2 on each level), 10 units total, 19 parking spaces in the gated lot next to building and an additional 14 parking spaces in the parking lot that is included in the separate lot next door (33 spaces total), and boasting upgrades galore - no detail was overlooked by the owner. From the wrought iron fencing, automatic gate, signage, built-in gutter systems, rooftop AC systems, dual paned windows, stone/decorative walls, mature/luscious landscaping, exterior lighting, down to how meticulous the property has been maintained, this property is the true definition of pride of ownership/design/craftsmanship. All 10 units are current leased by 3 different tenants - making this an amazing income producing property/opportunity.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

3.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morgan Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Medical, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

-

APN/PARCEL ID

0127-601-29,0127-602-01

ASK ABOUT THIS PROPERTY

Brandon MihldRE/MAX AdvantageMore Info
909-709-9841

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Brandon MihldRE/MAX AdvantageMore Info
909-709-9841

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