1595 Spruce StRiverside, CA 92507

Property Details for 1595 Spruce St

Year built

1987

Construction

STEEL FRAME

Lot size

3.41 AC

Property size (Sq ft)

67,384 SF

Zone code

MP

Property type

Office buildings

APN

249-120-020

APU

249120020

Description

Spruce Commons, located at 1595 Spruce St in Riverside, CA 92507, offers exceptional flex and warehouse space for lease. This two-story building, situated in Riverside County, boasts a total of 67,076 square feet, with multiple suites available. Currently, 46,365 square feet is vacant, providing significant opportunities for businesses seeking flexible space solutions. The property is ideal for a variety of uses, catering to both office and industrial needs. Units range in size from a minimum of 9,272 square feet to a maximum contiguous space of 33,538 square feet, offering flexibility to accommodate businesses of varying scales. The building's design allows for efficient layout and operations, making it an attractive option for companies requiring both office and warehouse functionality. Its location in Riverside provides easy access to major transportation routes, enhancing logistical efficiency. This prime commercial property presents a rare opportunity to secure high-quality space in a thriving market. The property is classified as both office and industrial, offering a versatile solution for a wide range of businesses. Interested parties are encouraged to inquire about available space and lease terms. The property features a total of two suites within the building. This exceptional location in Riverside, California offers a strategic advantage for businesses seeking a blend of office and warehouse functionality.

• CAP approach

  CAP return

  Valuation

  6%

  $17,462,208

  6.5%

  $16,118,961

  7%

  $14,967,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,581,845

  Geo Method

  $23,717,146

• Alternative Use

  Use

  Valuation

  Residential

  $19,987,512

  Hospitality

  $18,308,452

  Educational

  $15,232,418

  Medical

  $15,756,284

  Retail

  $23,694,872

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.991

Longitude

-117.346

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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