Morgan Office Building | 437 N Riverside Ave
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Morgan Office Building 437 N Riverside Ave
6,500 SF 100% Leased Office Building Rialto, CA 92376 $2,500,000 ($385/SF) 3.50% Cap Rate
Investment Highlights
- Hi there, please give Chris and/or Brandon a call for more information and to setup a showing. Please do NOT disturb tenants/businesses.
- NOI: $86,390 - based off the financials from 2023
- Just North of Foothill Blvd on the right hand side of Riverside Avenue
Executive Summary
Located in the heart of downtown Rialto is this world class commercial office building that has been completely
restored/remodeled to revive the craftsman's style aesthetics of the original home that came before it.
Bonus...the additional parking lot next door (separate APN) is included in the sale! That's a grand total of 0.58
acres of property along Riverside Avenue! Positioned between the 210 freeway and 10 freeway, the property
offers professionals and customers easy and simplistic access. This premium office building features: 6,510 sf (4
bathrooms - 2 on each level), 10 units total, 19 parking spaces in the gated lot next to building and an additional
14 parking spaces in the parking lot that is included in the separate lot next door (33 spaces total), and boasting
upgrades galore - no detail was overlooked by the owner. From the wrought iron fencing, automatic gate, signage,
built-in gutter systems, rooftop AC systems, dual paned windows, stone/decorative walls, mature/luscious
landscaping, exterior lighting, down to how meticulous the property has been maintained, this property is the true
definition of pride of ownership/design/craftsmanship. All 10 units are current leased by 3 different tenants - making this an amazing income producing property/opportunity.
restored/remodeled to revive the craftsman's style aesthetics of the original home that came before it.
Bonus...the additional parking lot next door (separate APN) is included in the sale! That's a grand total of 0.58
acres of property along Riverside Avenue! Positioned between the 210 freeway and 10 freeway, the property
offers professionals and customers easy and simplistic access. This premium office building features: 6,510 sf (4
bathrooms - 2 on each level), 10 units total, 19 parking spaces in the gated lot next to building and an additional
14 parking spaces in the parking lot that is included in the separate lot next door (33 spaces total), and boasting
upgrades galore - no detail was overlooked by the owner. From the wrought iron fencing, automatic gate, signage,
built-in gutter systems, rooftop AC systems, dual paned windows, stone/decorative walls, mature/luscious
landscaping, exterior lighting, down to how meticulous the property has been maintained, this property is the true
definition of pride of ownership/design/craftsmanship. All 10 units are current leased by 3 different tenants - making this an amazing income producing property/opportunity.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
6,500 SF
Building Class
B
Year Built
2000
Price
$2,500,000
Price Per SF
$385
Cap Rate
3.50%
NOI
$87,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,250 SF
Slab To Slab
10’
Building FAR
0.26
Lot Size
0.58 AC
Parking
33 Spaces (5.08 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Air Conditioning
- Balcony
Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $807,682 | |
| Land Assessment | $132,521 | Total Assessment | $940,203 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$132,521
Improvements Assessment
$807,682
Total Assessment
$940,203
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Morgan Office Building | 437 N Riverside Ave
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