2677 Alessandro Blvd, Riverside, CA 92508-2340
- Distribution centers
- 709,081 SF
- 33.17 lot acres
Current Use by Public Records
- Vitality Testosterone Replacement Therapy Clinic / Physician
- Unis Alessandro / Big Box & Wholesale Store / Building Supply
- MTH1 / Warehouse & Storage
Property Details for 2677 Alessandro Blvd
- Year built
- 2020
- Construction
- TILT-UP CONCRETE
- Lot size
- 33.17 lot acres
- Property type
- Distribution centers
- APN
- 297-100-095
- APU
- 297100095
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 4, 2022 | — | Freeway Apg LLC | — | Deed · related | $112M · Tiaa Fsb Holdings INC |
| Dec 15, 2021 | $199,250,000 | Freeway Apg LLC | Pr Jit Chi Freeway Bc Venture LLC | Grant Deed | — |
| Jul 8, 2019 | — | Pr Lll Of Chi Freeway Bc LLC | Pr Lll Of Chi Freeway Bc LLC | Quit Claim Deed | — |
| Apr 5, 2019 | $30,500,000 | Pr III Chi Freeway Bc LLC | Proficiency 215 LLC | Grant Deed | $44.5M · Comerica Bank |
| May 29, 2014 | $4,765,000 | Proficiency 215 LLC | Lnr Riverside Land LLC | Grant Deed | — |
| Jun 25, 2002 | — | Lnr Rv Land | March,joint P | Grant Deed · related | — |
Description
This exceptional Class A industrial property, totaling 709,081 square feet, is situated on 39.33 acres in Riverside, CA, within the Moreno Valley/Perris submarket of the Inland Empire. Built in 2020, this single-tenant building boasts a 36-foot ceiling height, 109 loading docks with 109 dock-high doors, and ample parking with 384 spaces and 2 drive-ins. The property features 4000A, 480/277V power, and is zoned W-2. Its strategic location offers convenient access to major freeways, including the 215, 60, and 91, placing it near the intersection of Alessandro Boulevard and Old 215 Frontage Road. The property's proximity to March Air Reserve Base further enhances its desirability. With a building floor area ratio (FAR) of 0.41, this property presents a significant opportunity for distribution and warehouse operations. The property's APN is 297-100-094 & 297-100-095. Taxes are $3.21 per square foot. The entire building is currently vacant.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $183,695,000
- 6.5%
- $169,565,000
- 7%
- $157,450,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $169,745,000
Market price range: $16.8M - $174M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $198,200,000 Current use
- RETAIL STORES
- $251,880,000 Change: +27% Conversion: Moderate
- MEDICAL BUILDING
- $207,010,000 Change: +4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.284
- Latitude
- 33.914
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
