524 W 4th Street

    Perris, CA 92570
    • $2,600,000
    • STATUS: ACTIVE
    • ON SITE: 88 days
    • ID#: 180046786
    UPDATED: 83 min ago
    $2,600,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,072
      SQFT
    • $287
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    *PRICE REDUCTION* Beautiful new construction two-tenant medical office building for sale in Perris, CA. 100% occupied, with upside of 1,110 SF that could be an additional suite. The anchor tenant, Perris Hills Pharmacy, is an all inclusive full service pharmacy. The second tenant, BAWJ Medical Services is an urgent care facility that complements the pharmacy’s business. Perris Hills Pharmacy will execute a new 10-year sale leaseback at the close of escrow. With complementary medical tenants, new construction, a long-term lease and additional upside, 524 W 4th Avenue offers an investor a stable in-place income stream and a value-add opportunity.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/86768258

    524 W 4th Street Perris, CA 92570

    • Price: $2,600,000
    • Status: ACTIVE
    • Updated: 83 min ago
    • ID#: 180046786
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    9,072
    SQFT
    $287
    $/SQFT
    Neighborhood:
    Riv Cty-Perris (92570)
    County:
    Riverside
    Area:
    Riv Cty-Perris (92570)
    Property Description
    *PRICE REDUCTION* Beautiful new construction two-tenant medical office building for sale in Perris, CA. 100% occupied, with upside of 1,110 SF that could be an additional suite. The anchor tenant, Perris Hills Pharmacy, is an all inclusive full service pharmacy. The second tenant, BAWJ Medical Services is an urgent care facility that complements the pharmacy’s business. Perris Hills Pharmacy will execute a new 10-year sale leaseback at the close of escrow. With complementary medical tenants, new construction, a long-term lease and additional upside, 524 W 4th Avenue offers an investor a stable in-place income stream and a value-add opportunity.
    Exterior Features

    Parking On Site Parking Free Form 20 Surface Spaces

    Interior Features

    Sq Ft Of Improvement 9072 Stories 2 Story Unit Size1 5167 Unit Size2 3500

    Property Features

    Actual Cap Rate 7.18 Actual Gross Scheduled Income 201840 Actual Operating Expense 52520 Actual Other Income 37488 Assumable Finance 1285200 Buildings 1 Commercial Property Type Office SaleRetail Sale Lease Expires1 1/31/27 Lease Expires2 8/31/20 Mandatory Remarks None Known Monthly Rent Total 16820 Monthly Rent1 12420 Monthly Rent2 4400 Motive Want Cash Out Occupancy Percent 100 Sale Includes BuildingLeases Sales Restrictions N/K Short Sale No Unit Number1 524A Unit Number2 524B

    Listing provided courtesy of Marcus & Millichap. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130