Investment Highlights: Current Cap Rate of 6.70% With Substantial Upside to 7.53% Pro Forma Cap Rate by Converting Gross Leases to NNN / Low Price Per Square Foot / Now 100% Occupied / Owner has Made Substantial Capital Improvements to the Shopping Center Including New Paint, Parking Lot Improvements, and Tenant Sign Improvements / Just Two Minutes from the University of California, Riverside which has Over 23,200 Students / Just Off the 215 Freeway (157,000+ Cars Per Day) / Over 1,600 Apartment & Student Living Units are Located Â½ a mile from the Subject Property
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Listing Courtesy ofGateway Commercial