10920 Magnolia Ave
Riverside, CA 92505

Park Sierra Shopping Center Pad · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Rare 9,600 SF multi-tenant restaurant pad at one of the area’s most prominent intersections
  • Tenancy includes best in class operators, Blaze Pizza, California Fish Grill, BurgerIM, Subway and ShareTea
  • Tenancy includes best in class operators, Blaze Pizza, California Fish Grill, BurgerIM, Subway and ShareTea
  • Strong rent driver as the pad is parked to accommodate all restaurant users
  • Located across the street from the Kaiser Permanente Riverside Medical Center with 215 hospital beds and on site outpatient clinics, and over 2.6M vis
  • Attractive $3,650,000 loan that can potentially be assumed

EXECUTIVE SUMMARY

Located at the Southwest corner of Magnolia Avenue and Park Sierra Drive across the street from the Kaiser Permanente Regional Medical Center.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
9,600 SF
Building Class
B
Year Built
2019
Price
$8,506,000
Price Per SF
$886
Cap Rate
5.10%
NOI
$433,957
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.33 AC
Zoning
CG
  • Listing ID: 33057038

  • Date on Market: 9/4/2024

  • Last Updated:

  • Address: 10920 Magnolia Ave, Riverside, CA 92505