18442 Van Buren Blvd
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18442 Van Buren Blvd
3,602 SF 100% Leased Industrial Building Riverside, CA 92508 £3,325,413 (£923/SF) 6.50% Net Initial Yield
Investment Highlights
- NNN Lease
- Large Concrete Fenced Yard
Executive Summary
Currently owner occupied. Owner can vacate at Close of Escrow OR Leaseback for 5 years NNN Lease ($23,000/NNN). 6.5% Cap Rate. Preference of Buyer.
See Page 2 of Brochure for Investment Overview.
P R O P E R T Y F E A T U R E S
• +/- 1.34 acre lot with +/- 3,602 SF Free-Standing Industrial Building with +/- 3,200 SF of additional Outdoor Covered Canopy
• Five (5) Year Leaseback at $23,000.00/NNN (6.5% Cap) OR can be Sold Vacant (see attached Investment Overview page 2 on Brochure)
• Currently Owner Occupied by Successful Car Auction Business
• Concrete Paved Yard, Gated and Fenced
• Three (3) Oversized Ground Level Doors
• +/- 17’ Warehouse Clear Height
• Bonus Loft Upstairs
• Zoned M-SC – Manufacturing – Service Commercial (confirm)
• Zoning permits Industrial uses, Warehousing, Heavy Manufacturing, Fabrication, Draying, Freight, Truck and Trailer Operations, Vehicle Storage, Vehicle Sales, Yard Storage. Verify with County of Riverside
• Recently Renovated: new warehouse roof and siding, new offices, new HVAC, new restrooms, new sewer lines, new kitchen, new epoxy floors, new outdoor canopies, and new LED lights
• +/- 200 Amps (confirm) – can possibly be upgraded
• Major Street Frontage along Van Buren Blvd with over 46,097 CPD
1031 Exchange, Investment, Yard, Paved, Fenced, Gated, Oversized Lot, Concrete, NNN Lease, 5-Year.
See Page 2 of Brochure for Investment Overview.
P R O P E R T Y F E A T U R E S
• +/- 1.34 acre lot with +/- 3,602 SF Free-Standing Industrial Building with +/- 3,200 SF of additional Outdoor Covered Canopy
• Five (5) Year Leaseback at $23,000.00/NNN (6.5% Cap) OR can be Sold Vacant (see attached Investment Overview page 2 on Brochure)
• Currently Owner Occupied by Successful Car Auction Business
• Concrete Paved Yard, Gated and Fenced
• Three (3) Oversized Ground Level Doors
• +/- 17’ Warehouse Clear Height
• Bonus Loft Upstairs
• Zoned M-SC – Manufacturing – Service Commercial (confirm)
• Zoning permits Industrial uses, Warehousing, Heavy Manufacturing, Fabrication, Draying, Freight, Truck and Trailer Operations, Vehicle Storage, Vehicle Sales, Yard Storage. Verify with County of Riverside
• Recently Renovated: new warehouse roof and siding, new offices, new HVAC, new restrooms, new sewer lines, new kitchen, new epoxy floors, new outdoor canopies, and new LED lights
• +/- 200 Amps (confirm) – can possibly be upgraded
• Major Street Frontage along Van Buren Blvd with over 46,097 CPD
1031 Exchange, Investment, Yard, Paved, Fenced, Gated, Oversized Lot, Concrete, NNN Lease, 5-Year.
Property Facts
| Price | £3,325,413 | Building Class | C |
| Price Per SF | £923 | Lot Size | 1.34 AC |
| Sale Type | Investment NNN | Rentable Building Area | 3,602 SF |
| Net Initial Yield | 6.50% | Number of Floors | 1 |
| Sale Conditions | 1031 Exchange | Year Built | 1990 |
| Property Type | Industrial | Parking Ratio | 2.78/1,000 SF |
| Property Subtype | Warehouse |
| Price | £3,325,413 |
| Price Per SF | £923 |
| Sale Type | Investment NNN |
| Net Initial Yield | 6.50% |
| Sale Conditions | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.34 AC |
| Rentable Building Area | 3,602 SF |
| Number of Floors | 1 |
| Year Built | 1990 |
| Parking Ratio | 2.78/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 280-110-012 | Improvements Assessment | £845,985 |
| Land Assessment | £1,548,312 | Total Assessment | £2,394,297 |
PROPERTY TAXES
Parcel Number
280-110-012
Land Assessment
£1,548,312
Improvements Assessment
£845,985
Total Assessment
£2,394,297
zoning
| Zoning Code | M-SC (Zoned M-SC – Manufacturing – Service Commercial) |
| M-SC (Zoned M-SC – Manufacturing – Service Commercial) |
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18442 Van Buren Blvd
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