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Raincross Business Center

Off-Market

2001 3rd Street, Riverside, CA 92507

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  • Property Type Industrial - Flex - Industrial
  • Property Size 61,056 Sqft
  • Lot Size 3.99 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1973

Location

  • City Riverside, CA
  • Neighborhood Hunter
  • Zip Code 92507
  • 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 Date 08 Dec, 2003
  • 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 $16,706
  • Market Value $1,494,089
  • Assessed Value $1,494,089

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

Frequently Asked Questions

What is the total square footage of Raincross Business Center?

Raincross Business Center totals 61,056 square feet.

When was this property built?

Raincross Business Center was built in 1973.

When was Raincross Business Center last sold?

Raincross Business Center was last sold on 08 Dec, 2003.

What is the property tax for Raincross Business Center?

The property tax for Raincross Business Center in 2021-2022 was $16,706.

What is the market value for Raincross Business Center?

The market value for Raincross Business Center in 2021-2022 was $1,494,089.

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