1660 Iowa Ave Riverside, CA 92507

This exceptional industrial property, located at 1660 Iowa Ave in Riverside, California, presents a compelling investment opportunity. The warehouse building, constructed in 1989, boasts a substantial 110,071 square feet of space situated on a generous 5.88-acre lot. The property features 270 parking spaces, providing ample accommodation for employees and visitors. Access to the warehouse is facilitated by two dock-high doors, enhancing operational efficiency. The property's APN is 249-130-042, and its zip code is 92507. Currently, the property has a 32% vacancy rate, presenting a significant value-add opportunity through lease-up. Market analysis indicates limited availability of new construction in this area, making this existing warehouse a particularly attractive asset. The asking price for this substantial industrial property is $28,000,000. The below-market rents offer significant potential for increased revenue and strong returns on investment. This property is ideally suited for an investor seeking to capitalize on the current market conditions and the potential for significant rental income growth. The property's size, location, and features make it a highly desirable asset in the Riverside, California industrial market.