Listed by Marcus & Millichap - Los Angeles, Marcus & Millichap
$2,275,000
Magnolia Plaza Strip Center- Immediate Upside
Details
APN 143-290-024, 25
Property Type Retail
Sub Type Convenience Store, Shopping Center
Square Footage 12,870
Net Rentable (SqFt) 12,870
Units 5
Cap Rate 6%
NOI $136,597
Occupancy 63%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 10.33%
Pro-Forma NOI $235,063
Price per SqFt $177
Year Built 1994
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.950
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Immediate Value-Add Retail Strip Center - Riverside, CA
Investment highlights
Hard-Corner, Signalized Intersection Along High-Traffic Magnolia Avenue
10% Pro Forma Cap Rate with Stable NNN Income
Immediate Value-Add Opportunity Through Lease-Up of 4,740 SF Suite
Directly Across from Kaiser Permanente with 91 Freeway Access and Strong Daytime Population
Listing Contacts
Listed by Marcus & Millichap - Los Angeles, Marcus & Millichap
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,597.00
$11,383.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Brokerage Address
Name
License
Is there information that looks off?
