25780 Alessandro Blvd
Moreno Valley, CA 92553

CBRE is pleased to present the opportunity to acquire Chara Villa, a 58 unit fully entitled luxury townhome development opportunity in the city of Moreno Valley located on Alessandro Boulevard between Kitching Street and Lasselle Street. The ±5.06 Acres site is conveniently located south of the 60 Freeway and east of I-215 Freeway. The future community is within walking distance of Walgreens, schools, and the Moreno Valley Public Library, and offers convenient access to several retail shopping centers, the Moreno Valley Mall and popular restaurants. The city of Moreno Valley surpassed 214,000 in population and is the second largest city in Riverside County. As one of the fastest growing cities in the region, Moreno Valley is ideally located within Southern California and offers easy access to the 60, 91, 15, 215, and 10 freeways connecting to all of Riverside, San Bernardino, San Diego, Orange, and Los Angeles Counties. The city offers convenient access to the neighboring cities, namely Riverside, Colton, Perris, Menifee, and San Bernardino and is a short 10-minute drive to Downtown Riverside. Chara Villa consists of 22 buildings, with a total of 58 town house style units. Each unit will feature a spacious three-bedroom/three-and-a-half bathroom floor plan and an attached two-car garage for an average unit size of 1,584 square feet. All units will come with washer and dryer hookups, individual water heaters and central air conditioning/heating. The units will also be individually metered for water, electricity and gas and will be individually parceled to provide flexible exit strategies for investors. Additionally these homes could be completed and offered to the market on a for-rent or for-sale basis to optimize marketing and investment options. Chara Villa is surrounded by dynamic retail—two regional shopping destinations and over 40 shopping plazas. Major tenants include Costco, Super Target, Home Depot (2), Lowe’s Home Improvement, Macy’s, Burlington, TJ Maxx/Home Goods, Ultra, BevMo, Pottery Barn Outlet, West Elm and many more. Nearby amenities include, March Field Air Museum and UC Riverside Botanic Gardens. Chara Villa is a prime development opportunity and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor/developer.