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18442 Van Buren Blvd

3,602 SF 100% Leased Industrial Building Riverside, CA 92508 $6,024,247 CAD ($1,672 CAD/SF) 6.50% Cap Rate

Investment Highlights

  • NNN Lease
  • Large Concrete Fenced Yard

Executive Summary

Currently owner occupied. Owner can vacate at Close of Escrow OR Leaseback for 5 years NNN Lease ($23,000/NNN). 6.5% Cap Rate. Preference of Buyer.
See Page 2 of Brochure for Investment Overview.
P R O P E R T Y F E A T U R E S
• +/- 1.34 acre lot with +/- 3,602 SF Free-Standing Industrial Building with +/- 3,200 SF of additional Outdoor Covered Canopy
• Five (5) Year Leaseback at $23,000.00/NNN (6.5% Cap) OR can be Sold Vacant (see attached Investment Overview page 2 on Brochure)
• Currently Owner Occupied by Successful Car Auction Business
• Concrete Paved Yard, Gated and Fenced
• Three (3) Oversized Ground Level Doors
• +/- 17’ Warehouse Clear Height
• Bonus Loft Upstairs
• Zoned M-SC – Manufacturing – Service Commercial (confirm)
• Zoning permits Industrial uses, Warehousing, Heavy Manufacturing, Fabrication, Draying, Freight, Truck and Trailer Operations, Vehicle Storage, Vehicle Sales, Yard Storage. Verify with County of Riverside
• Recently Renovated: new warehouse roof and siding, new offices, new HVAC, new restrooms, new sewer lines, new kitchen, new epoxy floors, new outdoor canopies, and new LED lights
• +/- 200 Amps (confirm) – can possibly be upgraded
• Major Street Frontage along Van Buren Blvd with over 46,097 CPD
1031 Exchange, Investment, Yard, Paved, Fenced, Gated, Oversized Lot, Concrete, NNN Lease, 5-Year.

Property Facts

Price $6,024,247 CAD
Price Per SF $1,672 CAD
Sale Type Investment NNN
Cap Rate 6.50%
Sale Conditions 1031 Exchange
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.34 AC
Rentable Building Area 3,602 SF
No. Stories 1
Year Built 1990
Parking Ratio 2.78/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
280-110-012
Land Assessment
$2,804,890 CAD
Improvements Assessment
$1,532,569 CAD
Total Assessment
$4,337,458 CAD

zoning

Zoning Code M-SC (Zoned M-SC – Manufacturing – Service Commercial)
M-SC (Zoned M-SC – Manufacturing – Service Commercial)
  • Listing ID: 33278412

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 18442 Van Buren Blvd, Riverside, CA 92508

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