Overview

Description

±7,023 SF Freestanding Building with 3 Vacant Units

SEC Alessandro Blvd & Indian St

Highlights

• Potential Drive-Thru – Property previously was a bank with drive-thru. (Buyer to Verify With City)
• Signalized Intersection – Prominently situated on the corner of Alessandro Blvd & Indian St with ±48,430 cars per day
• Monument Signage Included
• Strong Demographics – 165,800 residents with $91,700 average household income (3-mile radius)
• Growth Market – With an annual growth rate of 3.44%, Moreno Valley is one of the fastest growing cities in the region. It recently became the 2nd largest city in Riverside County and 21st largest city in California by population.
• Close Proximity to Regional Industrial Hub + Daytime Population – Moreno Valley is home to over 32 million square feet of industrial space leased to national companies such as Amazon, ALDI, Home Depot, Lowe’s, Ross, Skechers, and more.
• Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%.
• If purchased with 10% down ($149,000), the monthly loan payment is estimated at $8,620/month. After accounting for $6,200 of potential monthly gross rent from Suites B & C (3,100 x $2.00 PSF Gross) the effective cost to occupy the remaining 3,423 SF is just $2,420, or $0.71/SF.
• After removing principal paydown ($2,580/month during Year 1) and accounting for just the interest portion of the monthly loan payment, the cost to occupy drops to below $0!
• As an owner, one can benefit from the potential appreciation of the asset.

Documents

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