For Sale
$4,500,000
5300 Arlington Ave Riverside, CA 92504
Two prime retail centers, 100% occupied, strong NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Two Class B strip centers totaling 7,890 - 9,700 square feet in Riverside, CA, with 12 units and 100% occupancy.
- 7.11% cap rate and $319,733 NOI.
- Built in 1983, renovated in 2015, with a diverse tenant mix including T-Mobile and others under NN+ leases.
- High visibility locations at 5300 Arlington Ave (7,430 SF, 29+ parking stalls, 250' frontage) and 9758 Magnolia Ave (9,700 SF, 0.71-acre lot).
- Significant value-add potential through rent increases and future re-tenanting; suitable for a 1031 exchange.
Property Details for 5300 Arlington Ave
- Property type
- Retail properties, Retail space
- Square Feet
- 7,890 SF
- Class
- B
- Year Built/Renovated
- 1983/2015
- Buildings
- 2
- Stories
- 1
- Units
- 12
Location Insight
- City
- Riverside
- County
- Riverside
- State
- California
- Latitude
- 33.9459065
- Longitude
- -117.4187493
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Two prime retail centers, 100% occupied, strong NOI.
- Where is the retail property located?
- The property is located at 5300 Arlington Ave Riverside, CA.
- What is the asking price?
- The asking price for this property is $4,500,000.
- What are key features of this property?
- This property features: Two Class B strip centers totaling 7,890 - 9,700 square feet in Riverside, CA, with 12 units and 100% occupancy.; 7.11% cap rate and $319,733 NOI.; Built in 1983, renovated in 2015, with a diverse tenant mix including T-Mobile and others under NN+ leases.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website