7359-7379 Indiana AveRiverside, CA 92504
- Sports & entertainment properties
- 10,970 SF
Property Details for 7359-7379 Indiana Ave
- Year built
- 2000
- Lot size
- 0.65 AC
- Property size (Sq ft)
- 10,970 SF
- Property type
- Sports & entertainment properties
- Property subtype
- Other specialty properties
Description
Exceptional investment opportunity: the Indiana Professional Plaza, a 10,970 square foot retail property in Riverside, California. This three-story building, constructed in 2000, sits on a 0.65-acre lot and boasts a desirable Sports/Entertainment subtype within the Commercial Retail zoning. Currently occupied by a single tenant under a 5-year NNN lease, the property generates a substantial net operating income (NOI) of $180,072, yielding a compelling 6.00% capitalization rate. The asking price is $3,000,000, translating to $273 per square foot. The building comprises two suites: a 3,770 square foot unit and a 7,200 square foot unit, both served by an elevator. Ample parking is provided at a ratio of 3.5 spaces per 1,000 square feet. The property benefits from high traffic counts, with Indiana Avenue seeing 21,016 cars per day and the nearby 91 freeway boasting 163,693 cars per day. The property's APN is 230-200-020. This is a rare opportunity to acquire a well-located, high-performing retail asset in a thriving market.
Location Insight
- City
- Riverside
- County
- Riverside
- State
- California
- Latitude
- 33.9368
- Longitude
- -117.402
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- 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 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 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].