240 Iowa Ave
Riverside, CA 92507
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 230 and 240 Iowa Ave. One lease and both properties are included in this sale, (15680) is both parcels and (3900)is both Buildings.
- In Plan Check now for Major Remodel that will be done tenant at tenant's expense
- Base Lease plus 2.5% percent 5 year lease in place with two 5 years options and an annual CPI increase tenant and its industry are extremely strong
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Tenant Controlled HVAC
ABOUT 240 IOWA AVE , RIVERSIDE, CA 92507
Deasy Penner Podley is proud to present this commercial leased investment opportunity. There is a strong 5 year base lease in place with two five year options to renew with a CPI increase annually and a 2.5 percent Non-Managing member interest in the business, it’s license value and profits derived from the business. The building are presently in permit process for a major remodel. The buildings combined are approx. 3900 sqft. and the two parcels combined are 15680sqft. This is a unique opportunity for the savvy investor…… Call listing agent for additional details and details of percentage lease. This sale includes both properties, 230 and 240 Iowa Ave and is an excellent 1031 exchange opportunity with no property expenses and an excellent return. Call listing agent for additional information.
PROPERTY TAXES
| Parcel Number | 247-042-020 | Improvements Assessment | $147,972 |
| Land Assessment | $106,539 | Total Assessment | $254,511 |
