$2,600,000
$2,890,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
0.6 Acres Lot
SOLD DATE : 02/24/2022
Key Details
Sold Price $2,600,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR21093012
Sold Date 02/24/22
HOA Y/N No
Year Built 2007
Lot Size 0.600 Acres
Property Sub-Type Office
Property Description
Well maintained 4 units medical & retail mixed use building for sale in Murrieta. Built in 2007. Total rentable 8,220 sf on 26,136 sf land. Units A & D are for lease or owner user (1,500 sf & 1,320 sf). Unit B is leased (4,400 sf), Unit C is on month to month lease (1,000 sf). Ideal for owner user or investment. 20 parking spaces on the subject property plus 22 parking space from the adjacent land owner. Total of 42 parking spaces. See reciprocal parking agreement link. Parking ratio 5:1. Adjacent to 215 & 15 freeways junctions. The City is one of the fastest growing community in Riverside County. The City was listed as one of the second-safest city (over 100,000 in population) in the United States. Proforma Cap rate is estimated at 5.8%, based on fully leased $1.70 NNN per sf.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning C1
Interior
Heating Central, Forced Air
Cooling Central Air, Electric
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Roof Type Flat
Building
Lot Description Cul-De-Sac, Paved, Flat
Water Public
Others
Tax ID 948510016
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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