6200 & 6240 BOX SPRINGS BLVD. RIVERSIDE, CA

Transcription

1 6200 & 6240 BOX SPRINGS BLVD. RIVERSIDE, CA HIGH IMAGE MULTI-TENANT INDUSTRIAL PARK 100% LEASED INDUSTRIAL INVESTMENT BUILDINGS TOTALING ±35,000 SQ.FT Multi-Tenant

2 LOCATION OVERVIEW RIVERSIDE COUNTY RIVERISDE CITY BOX SPRING BLVD. LOCATION HIGHLIGHTS Riverside County The County of Riverside encompasses an area of approximately 7,300 square miles. The western portion of the county is separated from the rest of the area by a series of mountain ranges which include the San Jacinto and Santa Ana mountain ranges. This western part of the county contains almost all the population and commercial and industrial activity. The eastern part of the county consist of series of a series of sparsely settled desert ranges and basins which include one region; the Coachella Valley, an area of growing population and commercial and industrial activity. The eastern part of the county extends to the Colorado River and the State of Arizona. The western portion of the county is characterized as the most developed part of the county, mostly due to its proximity to Los Angeles and Orange County. The area comprising San Bernardino and Riverside Counties is the largest geographical statistical are in the nation, with 27,308 square miles of land area, and is among the fastest growing. Riverside City The City of Riverside is the County seat and the largest city within Riverside County. The City was incorporated in 1883 and is located 60 miles east of Los Angeles, 50 miles southeast of Pasadena, 57 miles northeast of Long Beach, 107 miles north of San Diego, 54 miles northwest of Palm Springs and 10 miles southwest of San Bernardino. Riverside City is situated within the demographic center of the Riverside-San Bernardino primary Metropolitan Statistical Area, also known as the Inland Empire. City boundaries include the Santa Ana River on the western side and March Air Force Base to the southeast. The City of Riverside itself contains 71.3 square miles. During explosive housing growth fueled much of the growth and economic activity in Riverside, Riverside County and the surrounding regions. Much of the residential expansion has come from neighboring Orange and Los Angeles Counties. Box Springs Blvd. Location The subject property is located within an industrial area. The surrounding area consists of industrial properties to the north, south and west, with a set of railroad tracks to the west and then more industrial properties. The 215 Freeway is located less than 1/3 miles to the east; the 215/60 Interchange is located 1/3 mile to the northeast; Sycamore Canyon Wilderness Park is located one and ¼ miles west; and March Air Reserve Base is located three miles southeast. Most civic and county services and Riverside City Hall are located approximately 5 ½ miles northwest of the subject. Multi-Tenant

3 INVESTMENT OVERVIEW OFFERING SUMMARY INVESTMENT HIGHLIGHTS OFFERING SUMMARY ASKING PRICE: $3,200, PRICE PER SF: $86.58 RENTABLE SF: ±21, Box Springs Blvd. ±15, Box Springs Blvd. ±36,960 - Total OPERATING DATA YEARLY ANNUAL INCOME: $286, ANNUAL PROPERTY TAXES BASED ON $3,200, PURCHASE PRICE : $40, ANNUAL PROPERTY INSURANCE: $8, YEAR BUILT: PARCEL SIZE SF: Box Springs Blvd Box Springs Blvd. ±81,457sq.ft Box Springs Blvd. ±50,530sq.ft Box Springs Blvd. CURRENT ANNUAL OPERATING EXPENSES: $42, NET OPERATING INCOME: $195, CURRENT CAP RATE: 6.11% INVESTMENT HIGHLIGHTS Multi-Tenant Industrial Buildings Value Add on Opportunities High Quality Buildings Professionally Maintained Business Park Priced Below Replacement Cost Strong Local Market & Strategic Loction 100% Leased to Quality Long Term Tenants Multi-Tenant

4 LOCATION MAP Site Location Multi Tenant

5 AERIAL VIEW N Box Springs Blvd. River Crest Dr.. Multi Tenant

6 6200 & 6240 BOX SPRINGS BLVD. RIVERSIDE, CA BROKER S CONTACT LOCAL MARKET EXPERTS Rene Ramos, Jr. Associate Coldwell Banker Commercial Inland empire Inland Empire Blvd. Suite 1200 Ontario, CA Phone: (909) Ext. 21 Fax: (909) Mobile: (909) Rramos@cbcinlanempire.com Daniel W. Richards President / Broker Coldwell Banker Commercial Inland empire Inland Empire Blvd. Suite 1200 Ontario, CA Phone: (909) Ext. 22 Fax: (909) DRichards@cbcinlanempire.com The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Coldwell Banker Commercial and the Coldwell Banker Commercial logo are registered services makers licensed to Coldwell Banker Commercial Affiliates. Coldwell Banker Commercial Inland Empire. Each is independently owned and operated. Multi Tenant