7359-7379 Indiana AveRiverside, CA 92504

Property Details for 7359-7379 Indiana Ave

Year built

2000

Lot size

0.65 AC

Property size (Sq ft)

10,970 SF

Property type

Specialty properties

Property subtype

Retail 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

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