Historically High Occupancy Shopping
24759 Sunnymead Boulevard Moreno Valley, CA 92553
24759 Sunnymead Boulevard, Moreno Valley, CA, 92553
Contact for pricing
Shopping center with historically high occupancy and long-term tenants.
Property Size32,476 SF
Price / SF$161.66
AddedMar 18
Days on Market121
Last RefreshJul 15 at 3:31 pm
Property Features for 24759 Sunnymead Boulevard
General Information
- Standard status
- Active
- Size
- 32,476 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing office DMC Real Estate
Listing date Mar 18, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of DMC Real Estate
Investment Insights
Based on property information with market context.
Las Brisas Center is a shopping center with a history of high occupancy, featuring tenants who have been in place for over 20 years. Recent capital improvements exceeding $200,000 have been made, including a new roof, slurry coat and restriping, new paint and signage, drought-resistant landscaping, and surveillance cameras. Retail tenants include Marisco’s Mexican Restaurant and Soul Fire. The property is anchored by Inland Empire Autobody & Paint, which occupies 36% of the gross leasable area (GLA). An additional 11,010 square feet is occupied by vehicle-related businesses. The property offers plentiful parking. All tenants are currently paying below-market rents. The property size is 32,476 square feet and is located on Sunnymead Boulevard in Moreno Valley, California.
Key Highlights
- Historically high occupancy with long‑term tenants (20+ years).
- Recent capital improvements exceeding $200,000 (new roof, slurry coat, restriping, paint, signage, landscaping, surveillance).
- Anchored by Inland Empire Autobody & Paint (36% of GLA).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $701.5k | $21.60 |
| − Vacancy | −$38.6k | −$1.19 |
| EGI | $662.9k | $20.41 |
| − OpEx | −$198.9k | −$6.12 |
| NOI | $464.0k | $14.29 |
32,476 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.63M
$5.80M – $7.73M
NOI $464,030 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.13M
$9.74M – $12.98M
NOI $779,097 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Moussa's Quality Auto ...
Auto Repair Shop
Reyes Auto Tech
Auto Repair Shop
Inda Tires
(Bike/Boat/Book/etc) Store
The Smog Shop
Sustainability Organization
Geo's Quality Auto ...
Auto Repair Shop
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FAQs
What type of property is this?
Shopping center - Shopping center with historically high occupancy and long-term tenants.
Where is this shopping center located?
The property is located at 24759 Sunnymead Boulevard Moreno Valley, CA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Historically high occupancy with long‑term tenants (20+ years).; Recent capital improvements exceeding $200,000 (new roof, slurry coat, restriping, paint, signage, landscaping, surveillance).; Anchored by Inland Empire Autobody & Paint (36% of GLA).
