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24200 Sunnymead Blvd

4,375 SF Retail Building Moreno Valley, CA 92553 £2,385,876 (£545/SF) 4.80% Net Initial Yield

EXECUTIVE SUMMARY

CANNABIS DISPENSARY. Great opportunity to acquire a recently remodeled and expanded retail facility in Moreno Valley. Current tenant is on a 7 year triple net lease - seller will be creative in putting a deal together. Cannabis license will stay with the building. Seller financing option available.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,375 SF
Building Class
B
Year Built
1985
Price
£2,385,876
Price Per SF
£545
Net Initial Yield
4.80%
NOI
£114,522
Tenancy
Single
Number of Floors
1
Building FAR
0.27
Lot Size
0.37 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C1 - C1 Zoning: Allows retail stores, restaurants, offices, medical clinics, and more. No heavy industry. Building regulations apply. Parking required.
Parking
10 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
65 ft on Sunnymead Ave

AMENITIES

  • Bus Route
  • Pylon Sign
  • Signage
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NEARBY MAJOR RETAILERS

IHOP
Yoshinoya
PNC Bank
Superior Grocers
Rent-A-Center
Denny's
Bank of America
Food 4 Less
Starbucks
Cardenas

PROPERTY TAXES

Parcel Number 481-112-011 Improvements Assessment £518,988
Land Assessment £135,734 Total Assessment £654,722

PROPERTY TAXES

Parcel Number
481-112-011
Land Assessment
£135,734
Improvements Assessment
£518,988
Total Assessment
£654,722
(626) 319-6927

CONTACT

  • Listing ID: 32422280

  • Date on Market: 11/07/2024

  • Last Updated:

  • Address: 24200 Sunnymead Blvd, Moreno Valley, CA 92553

The Edgemont Gardens Retail Property at 24200 Sunnymead Blvd, Moreno Valley, CA 92553 is currently available. Contact Douglas Elliman Real Estate for more information.

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24200 Sunnymead Blvd, Moreno Valley, CA for sale Plat Map- Image 14 of 15
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24200 Sunnymead Blvd
(626) 319-6927 x

24200 Sunnymead Blvd

Christian Stillmark

(626) 319-6927

(626) 319-6927

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