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Shopping Neighborhood

Lakeview Plaza

31750, 31760, 31764 Casino Dr, Lake Elsinore, CA 92530

Listing Price: $8,286,750

Cap Rate
6.00%
Gross SF
31,747
Rentable SF
31,747
Price/Gross SF
$261.02
Lot Size
2.51 acres
Year Built
1990

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire Lakeview Plaza, a 3-tenant retail/office building located in the City of Lake Elsinore, California. Built in 1990, the property sits on 2.51 acres and has a combined building size of approximately 31,747 square feet. The building is situated with approximately 500 feet of street frontage on Casino Drive and also offers gated rear access to the suites, a freeway pylon sign, covered walkways and approximately 110 parking spaces. The current tenants are long-term and have all signed leases that provide for annual rent increases. Upon the execution of the lease, the County of Riverside tenant improvements were in excess of $900,000. Rancho Physical Therapy tenant improvements include an indoor therapy pool and private treatment rooms.

Investment Highlights

  • Interstate 15 Visibility with Freeway Pylon Sign
  • 100 Percent Occupied with Long Term Tenants
  • High Population Growth Area
  • Annual Increases for All Three Tenants

Exclusively Listed By

Listing Price: $8,286,750

Cap Rate
6.00%
Gross SF
31,747
Rentable SF
31,747
Price/Gross SF
$261.02
Lot Size
2.51 acres
Year Built
1990

Investment Highlights

  • Interstate 15 Visibility with Freeway Pylon Sign
  • 100 Percent Occupied with Long Term Tenants
  • High Population Growth Area
  • Annual Increases for All Three Tenants

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire Lakeview Plaza, a 3-tenant retail/office building located in the City of Lake Elsinore, California. Built in 1990, the property sits on 2.51 acres and has a combined building size of approximately 31,747 square feet. The building is situated with approximately 500 feet of street frontage on Casino Drive and also offers gated rear access to the suites, a freeway pylon sign, covered walkways and approximately 110 parking spaces. The current tenants are long-term and have all signed leases that provide for annual rent increases. Upon the execution of the lease, the County of Riverside tenant improvements were in excess of $900,000. Rancho Physical Therapy tenant improvements include an indoor therapy pool and private treatment rooms.

Exclusively Listed By

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