Contacts
Albert Lopez
Progressive Real Estate Partners
Property Details
- Property Type Retail - Freestanding
- Property Size 7,023 SF
- Lot Size 0.63 Acre
- Additional Rent Contact for pricing
- Year Built 1983
- Date Updated Nov 14, 2024
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Highlights
- High Traffic Counts – ±48,430 cars per day
- Signalized Intersection – Prominently situated on the corner of Alessandro Blvd & Indian St
- Monument Signage Included
- Demographics – 165,800 residents with $91,700 average household income (3-mile radius)
- Growth Market – With an annual growth rate of 3.44%, Moreno Valley is one of the fastest growing cities in the region. It recently became the 2nd largest city in Riverside County and 21st largest city in California by population.
- Close Proximity to Regional Industrial Hub + Daytime Population – Moreno Valley is home to over 32 million square feet of industrial space leased to national companies such as Amazon, ALDI, Home Depot, Lowe’s, Ross, Skechers, and more.
- Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%.
- If purchased with 10% down ($140,000), the monthly loan payment is estimated at $8,100/month ($1.15/SF). After accounting for $5,200 of potential monthly gross rent from Suite B (2,600 x $2.00 PSF Gross) the effective cost to occupy the remaining 3,923 SF is just $2,800/month ($0.73/SF).
- After removing principal paydown ($2,450/month during Year 1) and accounting for just the interest portion of the monthly loan payment, the cost to occupy drops to approximately $350/month, or just $0.09/SF/month - far less than the cost of leasing!
- As an owner, one can benefit from the potential appreciation of the asset.
Getting around
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70/100
Walk Score ®
-
33/100
Transit Score ®
-
53/100
Bike Score ®
Location
- City Moreno Valley, CA
- Zip Code 92553
- Market Inland Empire
Points of Interest
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Moreno Valley/March Field
3.09 miles
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Riverside–Hunter Park/UCR
8.06 miles
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Circle K
1.11 miles
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Thrifty
1.55 miles
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Valero
1.73 miles
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Shell
2.00 miles
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Chevron
2.05 miles
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76
2.12 miles
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7-Eleven
2.18 miles
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Arco
2.50 miles
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Costco Gasoline
2.73 miles
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Riverside - Canyon Springs Parkway Supercharger
3.18 miles
-
Staff Parking
2.31 miles
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Visitor Parking
2.32 miles
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Pigeon Pass Park And Ride
2.35 miles
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Towngate / Moreno Valley Mall Park And Ride
2.40 miles
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Physician Parking
2.45 miles
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Parking Lot A
2.69 miles
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Parking Lot C
2.73 miles
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Student Permit Parking B
2.77 miles
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Parking Lot D
2.80 miles
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Accessible Parking Lot "G"
2.81 miles
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Taco Bell
0.64 miles
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Domino's
1.56 miles
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Tijuana's Tacos
1.56 miles
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Brandon's Diner
1.57 miles
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Our Place
1.58 miles
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Black Bear Diner
1.58 miles
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Burger King
1.59 miles
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Sizzler
1.60 miles
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Denny's
1.61 miles
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Charmer's Fresh Burgers
1.61 miles
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Superior
1.59 miles
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Big Lots
1.73 miles
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Sprouts Farmers Market
1.79 miles
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Stater Bros.
2.26 miles
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Sears
2.48 miles
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Moreno Valley Mall
2.57 miles
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WinCo Foods
2.60 miles
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JCPenney
2.61 miles
-
Stater Bros. Markets
2.69 miles
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Macy's
2.71 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Albert Lopez
Progressive Real Estate Partners
