Active
14114 Business Center Drive
Moreno Valley CA, 92553
$4,998,000
$255.99 per sqft
Active
19,524 sqft
Commercial
Built in 1990
Listed by VINOD DESAR with BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY 951-363-0002
This fully occupied medical building is constructed using concrete tilt-up construction and is categorized as a Leased Fee estate. The property serves as a medical office and encompasses a total of 19,524 gross square feet, with 19,439 square feet available for rent. The building constructed in 1990 and has undergone partial renovations within the last 7 to 12 years, maintaining its 100% occupancy rate. The ownership of the building belongs to a group of doctors, who collectively occupy approximately 85% of the net rentable area (NRA) of the property. The remaining space is leased for medical purposes to other healthcare providers, all of whom offer various medical and dental services. Situated on a well-maintained site, the property covers an area of 1.62 acres, equivalent to 70,567 square feet. Its exterior features painted concrete walls with a concrete foundation, complemented by glass metal frame windows and a flat/composite material roof. Inside, the building's floors are covered with a mix of tile, vinyl, low pile carpet, composite wood, and concrete, depending on the area. The walls are partitioned with painted drywall, and the ceilings are drop suspended t-bar with acoustic tiles. Lighting predominantly consists of fluorescent fixtures, and there are an adequate number of ADA-compliant bathrooms for convenience. Notably, the building incorporates solar panels on the roof, installed in October 2020, which significantly contribute to the power supply for the tenants. This Photovoltaic system is owned and will transfer with the property. Leases with the building's owners/tenants will finalized and placed into escrow. Seller Financing Available OAC. with 40-50% down payment.
IV23136227
MLSⓇ ID
July 24, 2023
Listed
November 26, 2023
Updated
Map
14114 Business Center Drive
Moreno Valley CA, 92553
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.62 acres
Lot Features
Rectangular Lot, Sprinkler System
Roof
Composition, Flat
Other Property Details
Area Name
259 - Moreno Valley
Taxes
$55,000
Tax Frequency
Annually
Days on Market
123
Garage
No
Parking
No
Parking Total
106
View
No
County
Riverside
Water Source
Public
Pool
No
Buyer Agency Compensation
1.5%
Listing Contact: 951-363-0002
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/26/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 11/26/2023 at 7:38 PM UTC