11870 Pierce StRiverside, CA 92505

Property Details for 11870 Pierce St

Year built

2006

Construction

TILT-UP CONCRETE

Lot size

2.09 AC

Property size (Sq ft)

41,400 SF

Zone code

MP

Property type

Office properties

Property subtype

Office buildings

APN

142-090-066

APU

142090066

Description

This exceptional Class A executive office space, located at 11870 Pierce St in Riverside, CA 92505, offers 4,536 square feet of immediately available space within a larger 68,027 square foot building. Situated on a substantial 73-acre lot in Riverside County, this property provides ample parking with a generous 4:1 ratio of spaces to building square footage. The building is designated as a multi-tenant property, offering a dynamic and collaborative environment. The property's "Executive Office" subtype suggests a sophisticated and upscale setting ideal for businesses seeking a prestigious address. The location in Riverside, California offers convenient access to major transportation routes and amenities. This is a rare opportunity to secure high-quality office space in a desirable location. The available space is ready for immediate occupancy, allowing for a swift and efficient transition for your business. With its impressive size and prime location, this property presents a compelling opportunity for businesses seeking to establish or expand their presence in Riverside. The building's Class A designation reflects its superior construction, amenities, and overall quality. Interested parties are encouraged to inquire further to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $11,378,394

  6.5%

  $10,503,133

  7%

  $9,752,909

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,262,492

  Geo Method

  $14,571,558

• Alternative Use

  Use

  Valuation

  Residential

  $13,023,885

  Hospitality

  $11,929,809

  Educational

  $9,925,461

  Medical

  $10,266,813

  Retail

  $15,439,606

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9003

Longitude

-117.494

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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