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 27, 2024

SEC Alessandro Blvd & Indian St±7,023 SF Freestanding Building with 2 Vacant Units±7,023 SF Freestanding Building with 3 Vacant Units

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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

70/100
Walk Score ®
33/100
Transit Score ®
53/100
Bike Score ®

Powered by Walk Score ®

City Moreno Valley, CA
Zip Code 92553
Market Inland Empire

Points of Interest

Moreno Valley/March Field

3.09 miles
Riverside–Hunter Park/UCR

8.06 miles

Circle K

1.11 miles
Thrifty

1.55 miles
Valero

1.73 miles
Shell

2.00 miles
Chevron

2.05 miles
76

2.12 miles
7-Eleven

2.18 miles
Arco

2.50 miles
Costco Gasoline

2.73 miles
Riverside - Canyon Springs Parkway Supercharger

3.18 miles

Staff Parking

2.31 miles
Visitor Parking

2.32 miles
Pigeon Pass Park And Ride

2.35 miles
Towngate / Moreno Valley Mall Park And Ride

2.40 miles
Physician Parking

2.45 miles
Parking Lot A

2.69 miles
Parking Lot C

2.73 miles
Student Permit Parking B

2.77 miles
Parking Lot D

2.80 miles
Accessible Parking Lot "G"

2.81 miles

Taco Bell

0.64 miles
Domino's

1.56 miles
Tijuana's Tacos

1.56 miles
Brandon's Diner

1.57 miles
Our Place

1.58 miles
Black Bear Diner

1.58 miles
Burger King

1.59 miles
Sizzler

1.60 miles
Denny's

1.61 miles
Charmer's Fresh Burgers

1.61 miles

Superior

1.59 miles
Big Lots

1.73 miles
Sprouts Farmers Market

1.79 miles
Stater Bros.

2.26 miles
Sears

2.48 miles
Moreno Valley Mall

2.57 miles
WinCo Foods

2.60 miles
JCPenney

2.61 miles
Stater Bros. Markets

2.69 miles
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.

24515 Alessandro Blvd