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Old 215 Business Center - Buildings 1 & 3

Off-Market

NWC Cottonwood Avenue & Old 215 Frontage Road, Riverside, CA 92508

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 54,680 SF
  • Lot Size 7.76 Acre
  • Property Tenancy Vacant

Location

  • City Riverside, CA
  • Neighborhood Sycamore Canyon - Canyon Springs
  • Zip Code 92508
  • Market Inland Empire

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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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.

  • 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

  • Property Tax in 2021-2022 $54,757
  • Market Value* $4,882,938
  • Assessed Value $4,882,938

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.

Frequently Asked Questions

What is the total square footage of Old 215 Business Center - Buildings 1 & 3?

Old 215 Business Center - Buildings 1 & 3 totals 54,680 square feet.

What is the property tax for Old 215 Business Center - Buildings 1 & 3?

The property tax for Old 215 Business Center - Buildings 1 & 3 in 2021-2022 was $54,757.

What is the market value for Old 215 Business Center - Buildings 1 & 3?

The market value* for Old 215 Business Center - Buildings 1 & 3 in 2021-2022 was $4,882,938.
*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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