Commercial Sale Details
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.
|Price Per SqFt||$194.00|
|Area||259 - Moreno Valley|
|Number Of Units||0|
|Number Of Buildings||1125130|
|Listing Brokerage||RE/MAX RESULTS|
|Listing Agent||TED BOECKER|
|Listing Agent BRE #||00822601|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, October 12, 2018.
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