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8844 Limonite Ave Jurupa Valley, CA 92509

Sponsored
For Sale
$20,764,000

Grocery-anchored center, high occupancy.

Property size:
78,825 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 78,825-square-foot retail center in Jurupa Valley, CA, presents a compelling investment opportunity. Located at 8844 Limonite Ave, 92509, this multi-tenant property boasts a 95% occupancy rate and a strong NOI of $1,349,671, yielding a 6.50% cap rate. The asking price is $20,764,000, translating to $263 per square foot. Built in 1980 and renovated in 2014, the center sits on a 7-acre lot (APN: 163-042-069) and features 15 tenants. Key anchors include a Walmart Neighborhood Market and Dollar Tree, representing 68% of the gross leasable area (GLA) under corporate leases. Other tenants include Little Caesars Pizza, Yum Yum Donuts, La Michoacana Premium, and Cricket Wireless. A significant portion (73%) of the GLA is occupied by creditworthy national and regional brands. Current rents are approximately 23% below market rates, offering substantial upside potential for rental growth. The center benefits from a hard corner location at a signalized intersection on Limonite Avenue (25,500+ cars per day) and Collins Street, with proximity to Van Buren Boulevard (48,400+ cars per day) and the Metrolink Jurupa Valley/Pedley station. This well-positioned, grocery-anchored center offers a rare opportunity in the Southern California market.

Property Features for 8844 Limonite Ave

General Information

Property type
Lifestyle centers
Square Feet
78,825 SF
Lot Size
304,920 SF

Building Details

Year Built/Renovated
1980/2014

HighLights

  • $20,764,000 asking price for a 78,825 square foot retail center in Jurupa Valley, CA.
  • Multi‑tenant property with 15 tenants, including Walmart and Dollar Tree as anchors.
  • 6.50% cap rate with a Net Operating Income (NOI) of $1,349,671 and 95% occupancy.
  • 7‑acre lot with a strong tenant mix of national, regional, and local businesses.
  • Located on a hard corner with high traffic counts (Limonite Ave: 25,500+ CPD, Van Buren Blvd: 48,400+ CPD), near Metrolink station.
Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Jurupa Valley
County
Riverside
State
California
Longitude
-117.4768357
Latitude
33.9742744

FAQs

What type of property is this?
Lifestyle center - Grocery-anchored center, high occupancy.
Where is this lifestyle center located?
The property is located at 8844 Limonite Ave Jurupa Valley, CA.
What is the asking price?
The asking price for this property is $20,764,000.
What are key features of this property?
This property features: $20,764,000 asking price for a 78,825 square foot retail center in Jurupa Valley, CA.; Multi-tenant property with 15 tenants, including Walmart and Dollar Tree as anchors.; 6.50% cap rate with a Net Operating Income (NOI) of $1,349,671 and 95% occupancy.
More about this property
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