Active
2851 Canyon Springs
Riverside CA, 92507
$5,300,000
$636.56 per sqft
Active
8,326 sqft
Commercial
Built in 2004
Listed by BRAD FREEMAN with FREEMAN & ASSOCIATES 661-201-7868
The property sits along a busy corridor of the Interstate 60 with a Huge Pylon dedicated to this 2,000,000 +/- Square Foot Regional Retail Power Center, located at the Freeway Interchange of the I60 and the I215. This is the prime exit on the I60 coming from the east, and you can also come to the center from the south by exiting off the I215. This offering consists of two nationally branded tenants, including Verizon & GameStop, and one regionally branded tenant AhiPoki, and also Pho Ha which has more than one location. All tenants are on NNN leases, and all renewed their options, except AhiPoki (they are taking over Subway Space in July 2024, because Subway has no more options). The building is also well-suited for future leasing that can produce increase in rents over time. Brokers and tenants call regularly unsolicited, wanting to know if any leases are expiring soon so they can takeover the space. The entire power center is very low turnover, as landlord has only ever lost one tenant when Payless filed bankruptcy. Shadow Anchored by Target, the subject is Pad Building C located at the drive entrance to Target, known to be one of the most visited shopping destinations in the region. All tenants are seasoned at this location, except for AhiPoki, but even then AhiPoki has clientele in the area, because they used to be located across Day Street in the Lowes shopping center.
EV24112982
MLSⓇ ID
June 4, 2024
Listed
December 13, 2024
Updated
Map
2851 Canyon Springs
Riverside CA, 92507
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.18 Acres
Lot Features
Level
Other Property Details
Area Name
252 - Riverside
Days on Market
176
Garage
No
View
No
County
Riverside
Water Source
Public
Pool
No
Listing Contact: 877-300-4289
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Data last updated on 12/13/2024 at 8:35 PM UTC