Shopping Neighborhood
Sunnymead Village - Southern California Value-Add Opportunity
24541 Alessandro Blvd, Moreno Valley, CA 92553
Listing Price: $6,670,000
Investment Overview
--Southern California Shopping Center Offering--
-100% Occupied Retail Center with Excellent Tenancy – Over 60% of the GLA has Operated at Property for 5+ Years, Over 40% has Operated for 10+ Years
-Immediate Upside Available – The Subject Property Features a Number of Month-to-Month or Short-Term Leases with Below Market Rents, Allowing Potential Buyers to Immediately Realize Upside by Renewing Existing Tenants at Market Rents
-Large Lot of ±2.53 AC with Excellent Visibility Alessandro Boulevard
--Strong Real Estate Fundamentals--
-Multiple Points of Ingress and Egress on Alessandro Boulevard
-Close Proximity to the Area’s Major Freeways (60 and 215 Freeways)
-Dense, Infill Area – Population Counts Exceed 228,000 Within 5 Miles | Strong Average Household Income of $94,725 Within 5 Miles
-Close Proximity to a Number of Credit Tenants Including Food4Less, El Super, Walgreens, Ross, Firestone Auto, and Many More
Sunnymead Village - Southern California Value-Add Opportunity
Investment Highlights
- Value-Add Opportunity – Investors Have the Opportunity to Achieve an 8.43% Pro Forma Cap Rate by Renewing Existing Leases at Market Rates
- Excellent Exposure Along Alessandro Boulevard, a Main Thoroughfare for the Area (Traffic Counts Exceed 36,000 Cars Per Day)
- Offered at a Price/SF of Just $232.44 (Well Below Replacement Value)
Exclusively Listed By
Financing By
Shopping Neighborhood
Sunnymead Village - Southern California Value-Add Opportunity
Listing Price: $6,670,000
Investment Highlights
- Value-Add Opportunity – Investors Have the Opportunity to Achieve an 8.43% Pro Forma Cap Rate by Renewing Existing Leases at Market Rates
- Excellent Exposure Along Alessandro Boulevard, a Main Thoroughfare for the Area (Traffic Counts Exceed 36,000 Cars Per Day)
- Offered at a Price/SF of Just $232.44 (Well Below Replacement Value)
Investment Overview
--Southern California Shopping Center Offering-- -100% Occupied Retail Center with Excellent Tenancy – Over 60% of the GLA has Operated at Property for 5+ Years, Over 40% has Operated for 10+ Years -Immediate Upside Available – The Subject Property Features a Number of Month-to-Month or Short-Term Leases with Below Market Rents, Allowing Potential Buyers to Immediately Realize Upside by Renewing Existing Tenants at Market Rents -Large Lot of ±2.53 AC with Excellent Visibility Alessandro Boulevard --Strong Real Estate Fundamentals-- -Multiple Points of Ingress and Egress on Alessandro Boulevard -Close Proximity to the Area’s Major Freeways (60 and 215 Freeways) -Dense, Infill Area – Population Counts Exceed 228,000 Within 5 Miles | Strong Average Household Income of $94,725 Within 5 Miles -Close Proximity to a Number of Credit Tenants Including Food4Less, El Super, Walgreens, Ross, Firestone Auto, and Many More
Exclusively Listed By
Financing By
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