7359-7379 Indiana Ave Riverside, CA 92504
- Specialty properties
- 10,970 SF
- 0.65 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 7359-7379 Indiana Ave
- Year built
- 2000
- Lot size
- 0.65 lot acres
- Property size
- 10,970 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
Exceptional investment opportunity: the Indiana Professional Plaza, a 10,970 square foot retail property in Riverside, California. This three-story building, constructed in 2000, sits on a 0.65-acre lot and boasts a desirable Sports/Entertainment subtype within the Commercial Retail zoning. Currently occupied by a single tenant under a 5-year NNN lease, the property generates a substantial net operating income (NOI) of $180,072, yielding a compelling 6.00% capitalization rate. The asking price is $3,000,000, translating to $273 per square foot. The building comprises two suites: a 3,770 square foot unit and a 7,200 square foot unit, both served by an elevator. Ample parking is provided at a ratio of 3.5 spaces per 1,000 square feet. The property benefits from high traffic counts, with Indiana Avenue seeing 21,016 cars per day and the nearby 91 freeway boasting 163,693 cars per day. The property's APN is 230-200-020. This is a rare opportunity to acquire a well-located, high-performing retail asset in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.402
- Latitude
- 33.9368
