3390 University AveRiverside, CA 92501

  • Office properties
  • 137,122 SF
For Lease
$42/SF/YR View listing

Property Details for 3390 University Ave

Year built
2012
Construction
STEEL FRAME
Lot size
0.97 AC
Property size (Sq ft)
137,122 SF
Zone code
DSP
Property type
Office properties
Property subtype
Office buildings
APN
213-312-009
APU
213312009

Description

The prestigious Citrus Tower, a Class A, six-story office building in Riverside, CA, offers exceptional executive office space for lease. Built in 2012, this modern building boasts a total of 137,122 square feet, with multiple tenancy options available. Currently, there are 16,300 square feet of vacant space, divisible into units as small as 1,179 square feet, and offering contiguous spaces up to a maximum of 7,930 square feet. This provides flexibility for businesses of various sizes, from small startups to larger corporations. The building is conveniently located at 3390 University Avenue, Riverside, CA 92501, in Riverside County. Ample parking is provided, with a ratio of 4 parking spaces per 1000 usable square feet. The building's modern design and prime location make it an ideal choice for businesses seeking a professional and efficient workspace. This is a fantastic opportunity to establish your business in a thriving area with excellent access to amenities and transportation. Contact us today to learn more about the available spaces and lease terms. Don't miss out on this chance to secure your ideal office space in the heart of Riverside.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $36,266,556
    6.5%
    $33,476,822
    7%
    $31,085,620
  • Comparable approach

    Method
    Valuation
    Relative Method
    $23,735,070
    Geo Method
    $48,262,832
  • Alternative Use

    Use
    Valuation
    Residential
    $41,511,260
    Hospitality
    $38,024,092
    Educational
    $31,635,598
    Medical
    $32,723,594
    Retail
    $49,210,928
3390 University Ave, Riverside, California

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.9796
Longitude
-117.371
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$572,897
$1,664,640
$55,349,280
$57,013,920
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FAQs

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