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Alessandro Business Center - 7295 San Gorgonio Drive

Off-Market

7295 San Gorgonio Drive, Riverside, CA 92506

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

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 582,772 Sqft
  • Lot Size 30.23 Acre
  • Parking Spaces Avail. 611
  • Parking Ratio 1.05/ 1,000 SF
  • Property Tenancy Single Tenant
  • LEED Certified Gold
  • Building Class A
  • Year Built 2014

Location

  • City Riverside, CA
  • Neighborhood Sycamore Canyon - Canyon Springs
  • Zip Code 92506
  • Market Inland Empire

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 Date 08 Jan, 2020
  • 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.

  • 2020 Avg. Asking Rent $22.93
  • 2020 Office Vacancy Rate 10.36%
  • 2020 Office Completions (Sqft)

Riverside Office Sales Trends

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

  • 2020 Avg. Price per Sqft $189.42
  • Y-o-Y Avg. PpSF Change 18.43%
  • 2020 Office Sales Volume $80.8M
  • 2020 Number of Transactions 7
View more Riverside market trends

Tax

  • Property Tax in 2021-2022 $781,224
  • Market Value $69,714,840
  • Assessed Value $69,714,840

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

Frequently Asked Questions

What is the total square footage of Alessandro Business Center - 7295 San Gorgonio Drive?

Alessandro Business Center - 7295 San Gorgonio Drive totals 582,772 square feet.

When was this property built?

Alessandro Business Center - 7295 San Gorgonio Drive was built in 2014.

When was Alessandro Business Center - 7295 San Gorgonio Drive last sold?

Alessandro Business Center - 7295 San Gorgonio Drive was last sold on 08 Jan, 2020.

What is the property tax for Alessandro Business Center - 7295 San Gorgonio Drive?

The property tax for Alessandro Business Center - 7295 San Gorgonio Drive in 2021-2022 was $781,224.

What is the market value for Alessandro Business Center - 7295 San Gorgonio Drive?

The market value for Alessandro Business Center - 7295 San Gorgonio Drive in 2021-2022 was $69,714,840.

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