Northgate Business Park

Location

Map
Street

City Riverside, CA
Neighborhood Hunter
Zip Code 92507
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 04 Oct, 2021
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity Date

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

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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

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Tax

Property Tax in 2021-2022 $78,606
Market Value* $7,048,017
Assessed Value $7,048,017

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*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.

Frequently Asked Questions

What is the total square footage of Northgate Business Park?

Northgate Business Park totals 63,044 square feet.

When was this property built?

Northgate Business Park was built in 2017.

When was Northgate Business Park last sold?

Northgate Business Park was last sold on 04 Oct, 2021.

What is the property tax for Northgate Business Park?

The property tax for Northgate Business Park in 2021-2022 was $78,606.

What is the market value for Northgate Business Park?

The market value* for Northgate Business Park in 2021-2022 was $7,048,017.
*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.

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