23020 Atlantic Circle
Moreno Valley, CA 92553

Description

SPECTACULAR FREE-STANDING SINGLE-STORY, LEVEL-ENTRY OFFICE BUILDING IN A BUSY OFFICE/MEDICAL COMPLEX FRONTING ON FREDERICK STREET, WITH EASY CLIENT INGRESS AND EGRESS. BUILT IN 1989 BY THE PRESENT OWNER, IT HAS BEEN METICULOUSLY MAINTAINED AND IS IN VIRTUALLY MOVE-IN CONDITION. CURRENTLY HAS NINE SEPARATE OFFICES, EASILY CONVERTED TO TEN OR MORE, WITH A LARGE ENTRY AND WAITING AREA. TWO HVAC SYSTEMS FOR TWO SEPARATE COMFORT ZONES. 23 PARKING SPACES INCLUDING 10 COVERED CARPORT SPACES. MATURE SHADE TREES SURROUND THE BUILDING. AT 20% DOWN THIS PROPERTY WILL PRODUCE ABOUT 5% CASH-ON-CASH RETURN AT AN APPROX. 6.7 CAP RATE. THIS IS AN ATTRACTIVE INVESTMENT PROPERTY OR AN EXCELLENT OWNER-USER OFFICE BUILDING.

Details

MLS#IV18248058
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1989
Days On Site110

Features

SQ Feet3,866
Story(s)1

Market Activity 92553

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Area Information

StateCA
CountyRiverside
CityMoreno Valley
Zip Code92553
Area259 - Moreno Valley
Listing VS Median (in 92553)
Price:
$700,000
low | high
Med:
$327,000
100% of Average
SqFt:
3,866
low | high
Med:
945
100% of Average
$ / SqFt:
$181
low | high
Med:
$87
100% of Average
On Site:
110
low | high
Med:
58.5
100% of Average
Listing Updated: 04/24/2019
MLS Number: IV18248058
Listing Provided By:
TED BOECKER  of  RE MAX RESULTS
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