23846 Sunnymead Boulevard

    Moreno Valley, CA 92553
    • $2,695,000
    • STATUS: Active
    • ON SITE: 166 days
    • ID#: OC18154095
    UPDATED: 52 min ago
    $2,695,000
    • 0
      BEDS
    • 1.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,269
      SQFT
    • $148
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:

    School Ratings & Info

    Description

    Prime condition fully 100% occupied office Building available for purchase! Great opportunity to own. This complex is centrally located in the heart of Moreno Valley; close to FWY, with long term occupants in place up to 25 years. Ready to take over with stable rents and very very low vacancies. Many of the units have been recently upgraded, and are in pristine condition. The grounds at the complex are in excellent condition. The complex features 3 separate buildings to allocate many office and industry needs; with plenty of parking to accommodate ALL of the office space. This complex has been very well taken care of. Must schedule appointment to view interior of units. Buyer must agree to cooperate with a 1031 exchange.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T10:27:38.293. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.sonyathebroker.com/homes/85093760

    23846 Sunnymead Boulevard Moreno Valley, CA 92553

    • Price: $2,695,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: OC18154095
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.44
    Acres
    18,269
    SQFT
    $148
    $/SQFT
    1975
    Built
    Neighborhood:
    259 - Moreno Valley
    County:
    Riverside
    Area:
    259 - Moreno Valley
    Property Description
    Prime condition fully 100% occupied office Building available for purchase! Great opportunity to own. This complex is centrally located in the heart of Moreno Valley; close to FWY, with long term occupants in place up to 25 years. Ready to take over with stable rents and very very low vacancies. Many of the units have been recently upgraded, and are in pristine condition. The grounds at the complex are in excellent condition. The complex features 3 separate buildings to allocate many office and industry needs; with plenty of parking to accommodate ALL of the office space. This complex has been very well taken care of. Must schedule appointment to view interior of units. Buyer must agree to cooperate with a 1031 exchange.
    Exterior Features

    Fence YN Yes Fencing Block Lot Features 11-15 Units/AcreLot Over 40000 Sqft Lot Size Dimensions 62726 Lot Size Source Assessor Lot Size Units Square Feet Roof AsphaltTile

    Interior Features

    Condo Area Units Square Feet Cooling Central Cooling YN Yes Heating Central Furnace Heating YN Yes Laundry Features None Office Square Footage 13173

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class IndustrialOffice Builder Name Tom La Cava Building Area Units Square Feet Building Name Ocean Park Plaza Building Status Existing Cap Rate 5.17 Country Us Effective Gross 235188 Electric Expense 23750.00 Expense Year 2018 Gross Scheduled Income 224220.00 Industrial Square Footage 5096 Insurance Expense 5481.00 Land Use Office Laundry YN No Leasable Area Units Square Feet Lot Dimensions Source Assessor Maintenance Expense 16442.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 150338.00 Number Of Units Leased 15 Occupancy Occupied Operating Expense 84850.00 Other Expense 2740.00 Other Income1 10968.00 Professional Management Expense 8927.00 Property Sub Type Office Real Estate Tax Expense 26310.00 Resident Manager Expense 1200.00 Special Listing Conditions Standard Tax Rate 1.10 Tax Year 2017 Total Expenses 84850.00 Total Monthly Rent 19599 Vacancy Allowance 11211 Vacancy Allowance Rate 5.00 Water Source Public Zoning M1

    Listing provided courtesy of Ronnie Sudman of First Choice Investments.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T10:27:38.293. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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