Listed by NAI Capital Commercial, Inc
$2,150,000
Red Maple Tower Retail Center Moreno Valley
Details
APN 312-020-020
Property Type Retail
Sub Type Strip Center
Square Footage 10,037
Cap Rate 6.27%
NOI $134,872
Occupancy 90%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.42%
Pro-Forma NOI $159,499
Price per SqFt $214
Year Built 2006
Acreage 0.690
Zoning CC
Ground Lease No
Red Maple Tower Shopping Center
Marketing description
Avison Young is pleased to present the opportunity to acquire an almost fully leased retail strip center with ample parking located at 25025 Red Maple Lane, in Moreno Valley, CA. This ±10,037 SF strip center sits on a 0.69 AC lot with ample parking. Located in the Moreno Valley/Perris Submarket, this space is a great fit for a private investor looking to immediately begin operations without extensive setup. Going in Cap Rate is at 6.27% and when you lease it up, proforma Cap Rate is at a 7.4%.
Investment highlights
- Low price point with excellent going in Cap Rate of 6.27%
- Clean/well maintained property
- Located on the main intersection of Perris Blvd and Iris Ave
- Almost fully leased
- Ample parking
- Close proximity to Highway 215 and Lake Perris
Listing Contacts
Listed by NAI Capital Commercial, Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,872.00
$11,239.33/mo
Valuation Metrics
0
DSCR
6.27%
Cap Rate
6.27%
ROI
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