8844 Limonite Ave Jurupa Valley, CA 92509
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Grocery-anchored center, high occupancy.
Property size:
78,825 SFProperty 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
Listing Agency: CBRE Orange County Listing Agent: David Swerdlow
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Lifestyle centers
Location Insight
- Map
- Local Demand
- City
- Jurupa Valley
- County
- Riverside
- State
- California
- Longitude
- -117.4768357
- Latitude
- 33.9742744
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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.
