1350 Citrus St
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1350 Citrus St
24,960 SF Industrial Building Riverside, CA 92507 For Sale
Investment Highlights
- Excess Yard
- High Warehouse Clearance
- Short-term Tenant Lease (Expires July 31, 2024)
- Dock High Loading Doors
- Heavy Power
Executive Summary
FOR SALE -- Leased Investment w/ Long Term Tenant (44 month lease)
Tenant Lease in place until March 31, 2028 (call for details).
OR can be Sold Vacant to Owner/User. Landlord can provide 120-day notice to terminate Lease.
Year 1 Approximate NOI = $344,448/year
Year 1 = $29,952/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring.
Year 2 = $33,696.00/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring. The first 2 months of second year shall be invoiced at half rent.
Year 3 = $34,706.88/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring.
Year 4 = $35,748.08/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring.
The Lease may be terminated by Lessor with 120 day written notice to Lessor. Lessee may terminate Lease with 120 day written notice to Lessor during last 2 years of lease.
1350 W. Citrus St., Riverside
± 24,960 SF Bldg. on + 1.18 Acre Lot (+/- 55,320 SF Lot)
± 3,500 SF Office
Two (2) Dock High doors with four (4) loading positions
Zoning: BMP (Business and Manufacturing Park) – verify with City of Riverside
800 Amps, 277/480 volt (verify)
24’ minimum clear height in warehouse
.42/2000 Sprinkler system (verify)
APN: 247-140-026 (combined sale option includes APN #'s: 247-140-006, 247-140-007, 247-140-014)
** Excess land, oversized lot, IOS Yard, Industrial Outdoor Storage Yard, Investment oversized yard, contractors yard, storage yard, trucking, truck storage, laydown yard, outdoor storage, indoor storage, Development project, distribution, huge yard, near freeway, truck doors, 1031 Exchange, flexible lease term, vacant or short term lease option, 1031 exchange opportunity, long term tenant, leased investment
Tenant Lease in place until March 31, 2028 (call for details).
OR can be Sold Vacant to Owner/User. Landlord can provide 120-day notice to terminate Lease.
Year 1 Approximate NOI = $344,448/year
Year 1 = $29,952/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring.
Year 2 = $33,696.00/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring. The first 2 months of second year shall be invoiced at half rent.
Year 3 = $34,706.88/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring.
Year 4 = $35,748.08/month MG + $999/month for Landscaping, Fire Monitoring & Security Monitoring.
The Lease may be terminated by Lessor with 120 day written notice to Lessor. Lessee may terminate Lease with 120 day written notice to Lessor during last 2 years of lease.
1350 W. Citrus St., Riverside
± 24,960 SF Bldg. on + 1.18 Acre Lot (+/- 55,320 SF Lot)
± 3,500 SF Office
Two (2) Dock High doors with four (4) loading positions
Zoning: BMP (Business and Manufacturing Park) – verify with City of Riverside
800 Amps, 277/480 volt (verify)
24’ minimum clear height in warehouse
.42/2000 Sprinkler system (verify)
APN: 247-140-026 (combined sale option includes APN #'s: 247-140-006, 247-140-007, 247-140-014)
** Excess land, oversized lot, IOS Yard, Industrial Outdoor Storage Yard, Investment oversized yard, contractors yard, storage yard, trucking, truck storage, laydown yard, outdoor storage, indoor storage, Development project, distribution, huge yard, near freeway, truck doors, 1031 Exchange, flexible lease term, vacant or short term lease option, 1031 exchange opportunity, long term tenant, leased investment
Property Facts
Amenities
- Fenced Lot
- Skylights
- Yard
Utilities
- Water
- Sewer
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PROPERTY TAXES
| Parcel Number | 247-140-026 | Improvements Assessment | $1,687,778 |
| Land Assessment | $401,584 | Total Assessment | $2,089,362 |
PROPERTY TAXES
Parcel Number
247-140-026
Land Assessment
$401,584
Improvements Assessment
$1,687,778
Total Assessment
$2,089,362
zoning
| Zoning Code | BMP, Riverside (BMP - Business Manufacturing Park) |
| BMP, Riverside (BMP - Business Manufacturing Park) |
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1350 Citrus St
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