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Park Sierra Shopping Center Pad 10920 Magnolia Ave

9,600 SF 100% Leased Retail Building Riverside, CA 92505 £6,750,979 (£703/SF) 5.24% Net Initial Yield

Investment Highlights

  • Rare 9,600 SF multi-tenant restaurant pad at one of the area’s most prominent intersections
  • Tenancy includes best in class operators, Blaze Pizza, California Fish Grill, BurgerIM, Subway and ShareTea
  • Tenancy includes best in class operators, Blaze Pizza, California Fish Grill, BurgerIM, Subway and ShareTea
  • Strong rent driver as the pad is parked to accommodate all restaurant users
  • 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
  • Attractive $3,650,000 loan that can potentially be assumed

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
9,600 SF
Building Class
B
Year Built
2019
Price
£6,750,979
Price Per SF
£703
Net Initial Yield
5.24%
NOI
£353,662
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Land Acres
1.33 AC
Zoning
CG

Links

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Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Burgerim
California Fish Grill
Red Lobster
Black Angus Steakhouse
LA Fitness
Tokyo Joe's
Rodrigo's Mexican Grill
Cardenas
Starbucks
PNC Bank
  • William Bauman
    William Bauman
  • Bryan Norcott
    Power Broker Bryan Norcott
  • Pablo Rodriguez
    Pablo Rodriguez
(213) 298-3593

  • Listing ID: 33057038

  • Date on Market: 04/09/2024

  • Last Updated:

  • Address: 10920 Magnolia Ave, Riverside, CA 92505

The Retail Property at 10920 Magnolia Ave, Riverside, CA 92505 is currently available For Sale. Contact Newmark for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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10920 Magnolia Ave, Riverside, CA for sale Building Photo- Image 1 of 7
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© 2024 CoStar Group

Park Sierra Shopping Center Pad | 10920 Magnolia Ave
(213) 298-3593 x

Park Sierra Shopping Center Pad | 10920 Magnolia Ave

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William Bauman

(213) 298-3593

(213) 298-3593

Bryan Norcott

(213) 298-3595

(213) 298-3595

Pablo Rodriguez

(760) 610-3147

(760) 610-3147

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