Mixed-Use

New Majestic Perris

876 S D St, Perris, CA 92570

Listing Price: $5,850,000

Cap Rate
4.93%
Number of Units
21
Price/Unit
$278,571
Price/Gross SF
$213.13
Gross SF
27,448

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire a new construction mixed-use building, New Majestic Perris. This investment opportunity includes 11 - two bedroom, two- and one-half bath with a loft and four - two-bedroom, two bath for a total of 15 residential units. The former are all townhouse style units with the kitchen and living area on the lower level and the bedrooms on the top level. They range in size from 1,356 Sq. Ft. to 1,587 Sq. Ft. The latter category are also spacious units with 1,132 Sq. Ft. each. There is also a total of seven retail units for a combined 6,915 rentable square feet which can be reconfigured to smaller or larger units based on the future tenants demands. Additionally there is a common area space of 629 square feet for use by commercial tenants.
The newly constructed building has the great opportunity for a live/work lifestyle with an open park directly across the street which is ideal for family living. Each unit contains gas stoves, refrigerator, microwave, washer/dryer hook ups, individual water heaters and central air and forced heat.
New Majestic Perris is located close to Interstate 215 and allows for commuters to have an easy drive North or South to major employment areas. The Metro train line is a short walk away which will serve as another form of transportation for both the residential and retail tenants. This is an up and coming area with a growing population and work force. Since 2010, the population census has shown growth by 23% (one mile radius), 16% (three mile radius), and 19% (five mile radius) with a steady increase in family incomes.

Investment Highlights

  • 2020 Construction
  • Estimated completion date of October 2020
  • One-Year construction warranty from completion date
  • Residential and Retail units allow for maximum income diversity
  • Individual washer and dryer hookups, refrigerators, microwaves and ceiling fans
  • Close proximity to major employment centers in Moreno Valley, Riverside, Temecula, SB

Exclusively Listed By

  • Reza Ghaffari

    Senior Managing Director Investments

    (909) 456-3454

    Email Reza

    License(s): CA: 00859134

    Ontario

  • Rory Hazan

    Associate

    Email Rory

    License(s): CA: 02103880

    Ontario

Listing Price: $5,850,000

Cap Rate
4.93%
Number of Units
21
Price/Unit
$278,571
Price/Gross SF
$213.13
Gross SF
27,448

Investment Highlights

  • 2020 Construction
  • Estimated completion date of October 2020
  • One-Year construction warranty from completion date
  • Residential and Retail units allow for maximum income diversity
  • Individual washer and dryer hookups, refrigerators, microwaves and ceiling fans
  • Close proximity to major employment centers in Moreno Valley, Riverside, Temecula, SB

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire a new construction mixed-use building, New Majestic Perris. This investment opportunity includes 11 - two bedroom, two- and one-half bath with a loft and four - two-bedroom, two bath for a total of 15 residential units. The former are all townhouse style units with the kitchen and living area on the lower level and the bedrooms on the top level. They range in size from 1,356 Sq. Ft. to 1,587 Sq. Ft. The latter category are also spacious units with 1,132 Sq. Ft. each. There is also a total of seven retail units for a combined 6,915 rentable square feet which can be reconfigured to smaller or larger units based on the future tenants demands. Additionally there is a common area space of 629 square feet for use by commercial tenants.
The newly constructed building has the great opportunity for a live/work lifestyle with an open park directly across the street which is ideal for family living. Each unit contains gas stoves, refrigerator, microwave, washer/dryer hook ups, individual water heaters and central air and forced heat.
New Majestic Perris is located close to Interstate 215 and allows for commuters to have an easy drive North or South to major employment areas. The Metro train line is a short walk away which will serve as another form of transportation for both the residential and retail tenants. This is an up and coming area with a growing population and work force. Since 2010, the population census has shown growth by 23% (one mile radius), 16% (three mile radius), and 19% (five mile radius) with a steady increase in family incomes.

Exclusively Listed By

  • Reza Ghaffari

    Senior Managing Director Investments

    (909) 456-3454

    Email Reza

    License(s): CA: 00859134

    Ontario

  • Rory Hazan

    Associate

    Email Rory

    License(s): CA: 02103880

    Ontario

MM Texture Background
MM Textured Background Lower