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Meridian Parkway

Off-Market

14900 Innovation Drive, Riverside, CA 92518

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  • Property Type Industrial
  • Property Size 682,800 SF
  • Lot Size 55.01 Acre
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2007

Location

  • City Riverside, CA
  • Neighborhood March Air Reserve Base
  • Zip Code 92518
  • Market Inland Empire

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 03 Apr, 2014
  • 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 (SF)

Riverside Office Sales Trends

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

  • 2020 Avg. Price per SF $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

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Frequently Asked Questions

What is the total square footage of Meridian Parkway?

Meridian Parkway totals 682,800 square feet.

When was this property built?

Meridian Parkway was built in 2007.

When was Meridian Parkway last sold?

Meridian Parkway was last sold on 03 Apr, 2014.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.