The Cove
$131 PSF Value-Add Office | Riverside, CA
Marketing description
STRONG MARKET FUNDAMENTALS
► Lowest Office Vacancy In US | The Inland Empire has consistently outperformed other office markets in the country. As of the first quarter of 2026, vacancy remained the lowest in the nation at 5.9%, underscoring limited supply and healthy demand.
► Thriving Economic Activity | The Inland Empire, a region whose $213-billion economy is equal to that of the state of Utah, has been Southern California’s best-growth market for several straight years, averaging 5.2% each year, per the Federal Reserve. The Inland Empire’s population is Southern California’s second largest, fueled by a growth rate that is almost 4 times more than the rest of the region since 1990.
PRIME FREEWAY ADJACENT LOCATION
► Exceptional Access and Visibility | The Cove’s freeway adjacent location provides high visibility and direct access to State Route 91, connecting Riverside to Orange and Los Angeles counties.
► Amenity-Rich Location in Riverside’s Prestigious Magnolia Center | Midtown, previously known as Magnolia Center, has long been an important commercial hub of Riverside, sometimes considered a “second downtown”, where several of Riverside’s major streets converge. The offering is located less than four miles from Riverside Municipal Airport and sits one mile from the newly renovated Riverside Plaza, a lifestyle center which includes a 16-screen Regal Multiplex Theater, and a variety of excellent dining and shopping opportunities.
Investment highlights
Download OM here: https://bit.ly/thecoveCX
VALUE-ADD RIVERSIDE OFFICE OPPORTUNITY
► The Cove | 6529 Riverside Ave presents a prime opportunity for an owner-user or investor to acquire a high upside ±30,446 square foot office complex at a great basis in the Inland Empire, the top performing office market in the United States.
► Small Tenants, Less Risk | The property has 10 tenants with 16 total suites. Suites range from 974 SF - 3,714 SF and average around 1,900 SF providing new ownership with a well balanced, diversified rent roll that presents far less rollover risk than larger tenant buildings.
► Condo Conversion Potential | The building is equipped with ideal floorplates to support the potential conversion of existing office suites into condo units. This strategy allows for a high rate of return since commercial condos tend to sell for a higher price per square foot than traditional office buildings.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
