23020 Atlantic Circle

  • Moreno Valley

  • $750,000
  • Acres
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Commercial Sale Details

Description & Essential
Description
SPECTACULAR FREE-STANDING SINGLE-STORY, LEVEL-ENTRY OFFICE BUILDING IN A BUSY OFFICE/MEDICAL COMPLEX FRONTING ON FREDERICK STREET, WITH EASY CLIENT INGRESS AND EGRESS. BUILT IN 1989 BY THE PRESENT OWNER, IT HAS BEEN METICULOUSLY MAINTAINED AND IS IN VIRTUALLY MOVE-IN CONDITION. CURRENTLY HAS NINE SEPARATE OFFICES, EASILY CONVERTED TO TEN OR MORE, WITH A LARGE ENTRY AND WAITING AREA. TWO HVAC SYSTEMS FOR TWO SEPARATE COMFORT ZONES. 23 PARKING SPACES INCLUDING 10 COVERED CARPORT SPACES. MATURE SHADE TREES SURROUND THE BUILDING. AT 20% DOWN THIS PROPERTY WILL PRODUCE ABOUT 5% CASH-ON-CASH RETURN AT AN APPROX. 6.7 CAP RATE. THIS IS AN ATTRACTIVE INVESTMENT PROPERTY OR AN EXCELLENT OWNER-USER OFFICE BUILDING.
Essential
MLS #IV18248058
Price Per SqFt$194.00
Sub-TypeOffice
CountyRiverside
StateCA
Area259 - Moreno Valley
StatusActive
Sale TypeStandard
Number Of Units0
Number Of Buildings1125130
Building StatusExisting
Uncovered Spaces13
Land UseOffice
Listing BrokerageRE/MAX RESULTS
Listing AgentTED BOECKER
Listing Agent BRE #00822601

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Based on information from California Regional Multiple Listing Service, Inc. as of Friday, October 12, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.