With a solid 66% occupancy rate, this prime office property boasts four top-tier, long-term tenants including Transdisciplinary General Medical Office, 2nd Floor 5,700 sq ft available for Owner User, Offercity Real Estate, and Kingdom, LLC (Real Estate Investment Company). This diverse tenant mix ensures a steady and reliable cash flow, making it an ideal investment opportunity for those seeking a lucrative ROI.
Features: Prime location off the 91 freeway, business name signage visibility from the 91, fully occupied with passive rental income, suites newly renovated, boasting modern features, elevator serviced, and is located in the thriving Riverside business/medical community.
Attractive three story Professional Building located in the Heart of Riverside's Medical Community.
Prominent location off Riverside's bustling 91 freeway and Indiana Avenue
The building backs to the 91 offering excellent unobstructed signage visibility for corporate brand name exposure whether you're heading east or west bound on 91 freeway.
Newly renovated, this Modern Professional Building features high end finishings with custom build outs, high end carpets, marble, high ceilings, crown moldings, elevator served, ample surface parking. Each floor has separate restrooms, stair access and elevator.
Investment Highlights
Strong hedge against inflation.
The site provides easy accessibility by virtue of its close proximity to the Riverside (91) Freeway.
67% Leased Investment Property
It has freeway visibility (and is well-insulated from freeway noise).
It is elevator served.
The leases are written on industry standard AIR & CAR forms. These lease forms are preferred by investors.
While it is currently configured as five units, it has 12 electrical meters
The property has stabilized occupancy.
Less then two miles from the Riverside Plaza, the Riverside Auto Mall, and close proximity to numerous retail, and dining amenities.
Easily accessible from major freeway arteries, the 91, 215 and 60, as well as Riverside-Downtown commuter Rail.
Location Summary
An ideal location to invest, Riverside is experiencing vigorous growth due to the city's $1.3 billion Riverside Renaissance initiative, and capital being used for various developments, bringing new life and energy to this Historic Town. Economic advisors ranks this dynamic metropolitan the number 1 and 2 top tier office investment market nationally over the next three and five years, projecting office rents to grow over 12.6% over the next three years.
There is strong operating history for the subject. Investors prefer seasoned tenants and a detailed operating history as a risk-management tool.
