• 12124 Severn Way
  • 12124 Severn Way
  • +2 images 12124 Severn Way

12124 Severn Way

Off-Market

12124 Severn Way, Riverside, CA 92503

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Flex - Industrial
  • Property Size 32,453 SF
  • Lot Size 1.99 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987

Location

Getting Around

  • Walk Score ®

    31/100 Car-Dependent

  • Transit Score ®

    32/100 Some Transit

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Riverside, CA
  • Neighborhood La Sierra
  • Zip Code 92503
  • Market Inland Empire

Points of Interest

  • Riverside–La Sierra

    1.72 miles

  • Corona–North Main

    3.76 miles

  • Pedley

    5.90 miles

  • Corona–West

    6.55 miles

  • Riverside–Downtown

    9.29 miles

  • 76

    0.37 miles

  • Chevron

    0.68 miles

  • Shell

    1.20 miles

  • Mobil

    1.21 miles

  • Circle K

    1.25 miles

  • ARCO

    1.28 miles

  • Costco Gasoline

    1.47 miles

  • Chevron

    1.64 miles

  • Arco

    1.67 miles

  • eVgo

    1.76 miles

  • Staff Parking and 1st - 5th Grade Pick-Up

    0.85 miles

  • Lot B

    0.90 miles

  • Lot A - 1 hour Visitor Parking

    0.90 miles

  • Lot A

    0.92 miles

  • South Pierce Street - 3 hour parking

    0.92 miles

  • Lot P - Staff only

    0.99 miles

  • Lot L

    1.02 miles

  • Lot P - Staff Only

    1.02 miles

  • Lot N

    1.02 miles

  • Lot K - Staff only

    1.08 miles

  • Carl's Jr.

    0.64 miles

  • Curry House Express

    1.11 miles

  • Bowl Express Chinese Food

    1.11 miles

  • El Torito

    1.17 miles

  • Mimi's Cafe

    1.20 miles

  • Jack in the Box

    1.21 miles

  • Mariscolandia

    1.23 miles

  • Red Robin

    1.23 miles

  • Wendy's

    1.24 miles

  • Subway

    1.26 miles

  • Vons

    1.20 miles

  • Cardenas

    1.36 miles

  • Stater Bros.

    1.54 miles

  • Stater Bros.

    1.58 miles

  • Ralphs

    1.62 miles

  • Rite Aid

    1.64 miles

  • Burlington

    2.34 miles

  • Northgate Market

    2.36 miles

  • Kohl's

    2.39 miles

  • Target

    2.41 miles

  • Riverwalk HealthMart Pharmacy

    0.60 miles

  • Walmart Pharmacy

    1.08 miles

  • CVS Pharmacy

    1.52 miles

  • Walgreens

    1.62 miles

  • Corona Fire Department Station #4

    1.64 miles

  • CVS Pharmacy

    1.74 miles

  • Riverside Fire Department Station #8

    1.74 miles

  • Kaiser Permanente Riverside Medical Center

    1.87 miles

  • Riverside County Fire Department Station #13

    2.06 miles

  • Riverside Fire Department Station #12

    2.14 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Riverside

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Riverside Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $23.93
  • 2021 Office Vacancy Rate 13.07%
  • 2021 Office Completions (SF)

Riverside Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $269.05
  • 2021 Office Sales Volume $59.2M
  • 2021 Number of Transactions 5
View more Riverside market trends

Frequently Asked Questions

What is the total square footage of 12124 Severn Way?

12124 Severn Way totals 32,453 square feet.

When was this property built?

12124 Severn Way was built in 1987.

What is the property tax for 12124 Severn Way?

The property tax for 12124 Severn Way in 2022-2023 was $47,666.

What is the market value for 12124 Severn Way?

The market value* for 12124 Severn Way in 2022-2023 was $4,080,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Tax

  • Property Tax in 2022-2023 $47,666
  • Market Value* $4,080,000
  • Assessed Value $4,080,000

Find more tax info, including assessment history and abatements, on CommercialEdge.

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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