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    7065 Indiana Avenue

    Riverside, CA 92506
    • $4,500,000
    • STATUS: Active
    • ON SITE: 127 days
    • ID#: IV20147188
    UPDATED: 8 min ago
    $4,500,000
    • 0
      BEDS
    • 0.91
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,034
      SQFT
    • $264
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:

    School Ratings & Info

    Description

    Indiana Professional Building Leased Investment Property with Positive Cash Flows...Contemporary Professional Building with high end features with custom build outs in travertine, high end carpets, marble, high ceilings, crown moldings, elevator served, surface parking, flexible sized offices. Easily accessible from major freeway arteries, the 91, 215 and 60. This building backs to 91 fwy and has an excellent unobstructed signage visibility for corporate brand name exposure from autos heading east/west bound on 91fwy. Each floor has separate restrooms, stair access and elevator. Building is occupied with long term High Quality Tenants (Pain Management Clinic, Pharmacy, Self Storage Company)Buyer/Agent should review and verify all information in the leases. All cashflow information reflected for the 2nd Floor is PROFORMA.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-02T23:29:34.197. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/108263329
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    7065 Indiana Avenue Riverside, CA 92506

    • Price: $4,500,000
    • Status: Active
    • Updated: 8 min ago
    • ID#: IV20147188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.91
    Acres
    17,034
    SQFT
    $264
    $/SQFT
    2008
    Built
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    Indiana Professional Building Leased Investment Property with Positive Cash Flows...Contemporary Professional Building with high end features with custom build outs in travertine, high end carpets, marble, high ceilings, crown moldings, elevator served, surface parking, flexible sized offices. Easily accessible from major freeway arteries, the 91, 215 and 60. This building backs to 91 fwy and has an excellent unobstructed signage visibility for corporate brand name exposure from autos heading east/west bound on 91fwy. Each floor has separate restrooms, stair access and elevator. Building is occupied with long term High Quality Tenants (Pain Management Clinic, Pharmacy, Self Storage Company)Buyer/Agent should review and verify all information in the leases. All cashflow information reflected for the 2nd Floor is PROFORMA.
    Exterior Features

    Entry Level 1 Fence YN Yes Fencing BlockExcellent Condition Lot Features 0-1 Unit/AcreSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Ratio 4.60 Parking Total 74.00

    Interior Features

    Building Features Elevators Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Combination Heating YN Yes Laundry Features None Office Class C Office Square Footage 16290

    Property Features

    Accounting Type Proforma Additional Parcels Description 229-035-013229-035-011 Additional Parcels YN Yes Asset Class Office Building Area Units Square Feet Building Name Indiana Professional Building Building Status Existing Business Type MedicalMixedProfessional ServiceProfessional/OfficeReal Estate Cap Rate 6.26 Country Us Current Financing Conventional Current Use Comments 100% Leased Effective Gross 361941 Electric Standard Electric Expense 7572.00 Expense Year 2019 Gross Scheduled Income 380991.00 Insurance Expense 4869.00 Investment Property YN Yes Land Lease YN No Land Use Office Laundry Income 0.00 Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Estimated Maintenance Expense 12540.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 281703.00 Number Of Units Leased 7 Occupancy Occupied Operating Expense 99288.00 Other Expense 12807.00 Other Income1 0.00 Professional Management Expense 12000.00 Property Sub Type Office Real Estate Tax Expense 49500.00 Special Listing Conditions Standard Sprinklers YN Yes Tax Annual Amount 49500.00 Tax Rate 1.10 Tax Year 2019 Total Building NRA 16290 Total Expenses 99288.00 Utilities Cable AvailableNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 19049 Vacancy Allowance Rate 5.00 Water Source Public Year Built Source Estimated

    Listing provided courtesy of Vinod Desar of Berkshire Hathaway Homeservices California Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-02T23:29:34.197. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731