$ 5,200,000
14114 Business Center Drive Moreno Valley, CA 92553
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Listed by VINOD DESAR • BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
$ 5,200,000
Est. payment /mo
New
14114 Business Center Drive Moreno Valley, CA 92553
UPDATED:
09/03/2024 05:47 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV-23136227
Year Built 1990
Annual Tax Amount $55,000
Tax Year 2023
Property Description
This medical building is constructed using concrete tilt-up construction and is categorized as a Leased Fee estate. The property consists of medical offices and is 73% occupied. The building 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 then 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 be finalized and placed into escrow. Seller Financing Available OAC. with 40-50% down payment.
Location
State CA
County Riverside
Interior
Heating Central
Cooling Central Air
Laundry None
Exterior
Utilities Available Sewer Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Building
Lot Description Sprinkler System, Rectangular Lot