11870 Pierce St Riverside, CA 92505-4402
- Office buildings
- 41,400 SF
- 2.09 lot acres
Feb 09, 2022
Current Use by Public Records
- tk1sc Collaborative / Corporate Office
- Family Law Advocacy Group / Divorce Lawyer / Family Law Attorney
- Haven West Mortgage / Mortgage Lender
- CKB VIENNA LLP / Law Firm
- Spring To Autumn Family Counseling / Mental Health Service
Property Details for 11870 Pierce St
- Year built
- 2006
- Construction
- TILT-UP CONCRETE
- Lot size
- 2.09 lot acres
- Property size
- 41,400 SF
- Zone code
- MP
- Property type
- Office buildings
- APN
- 142-090-066
- APU
- 142090066
Description
This exceptional Class A executive office space, located at 11870 Pierce St in Riverside, CA 92505, offers 4,536 square feet of immediately available space within a larger 68,027 square foot building. Situated on a substantial 73-acre lot in Riverside County, this property provides ample parking with a generous 4:1 ratio of spaces to building square footage. The building is designated as a multi-tenant property, offering a dynamic and collaborative environment. The property's "Executive Office" subtype suggests a sophisticated and upscale setting ideal for businesses seeking a prestigious address. The location in Riverside, California offers convenient access to major transportation routes and amenities. This is a rare opportunity to secure high-quality office space in a desirable location. The available space is ready for immediate occupancy, allowing for a swift and efficient transition for your business. With its impressive size and prime location, this property presents a compelling opportunity for businesses seeking to establish or expand their presence in Riverside. The building's Class A designation reflects its superior construction, amenities, and overall quality. Interested parties are encouraged to inquire further to explore this exceptional opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $14,335,000
- ML approach
- $7,820,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,935,000
- 6.5%
- $12,865,000
- 7%
- $11,945,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,237,000
Market price range: $6.21M - $13.9M
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Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.494
- Latitude
- 33.9003
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA