Listed by Coldwell Banker Commercial SC, Coldwell Banker Commercial SC Temecula, HREA | Healthcare Real Estate Advisors
$1,500,000
Mission Boulevard
Details
APN 171020030
Property Type Land
Sub Type Lots/Land
Square Footage 40,000
Occupancy 100%
Tenancy Single
Lease Type Gross
Rent Bumps Yes
Pro-Forma Cap Rate 100%
Pro-Forma NOI $1,812,000
Price per SqFt $38
Class A
Year Built 2019
Stories 1
Acreage 9.940
Tenant Credit Credit Rated
Land | 9.94 acres
Marketing description
The CBC Land Team is pleased to present the offering of 9.94 gross acres of land adjacent to the new Shops at Jurupa Valley regional center off the 60 Highway and Pyrite Street. The site is zoned for high density residential development with a density range of 20-25 DU/AC. We have provided a conceptual site plan calling for 79 attached townhomes on a 4-acre net pad in addition to a cost to complete analysis based on that site plan. This plan is purely conceptual and can be redesigned to fit your preferred pad size, density, and product type. Please refer to our Offering Memorandum for more information. The purchase price has been significanlty reduced to $1.5M as owneship is targeting a quick-close sale.
Investment highlights
- Investment Grade Rated Tenant: S&P rated ‘AA-’
- 20-Year Original Lease Term - Expiring January 2039
- LEED Certified Building
- Attractive Assumable Financing: 4.31% Fixed, 10-Year Maturity, 25-Year Amortization
- Tenant has a purchase option available after initial 5 years of lease term – Calculated based on the greater of the three appraisal methodologies
- Located at the intersection of two major thoroughfares, one- half mile from Highway 60, and less than 10 miles from Ontario International Airport
- Abundantly parked with a 5:1,000 parking ratio
Listing Contacts
Listed by Coldwell Banker Commercial SC, Coldwell Banker Commercial SC Temecula, HREA | Healthcare Real Estate Advisors
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