- Photos
- 1 of 6
Bank For Sale • 49,729 SF
| True Value-Add Opportunity 8.17% Proforma Cap Rate or Potential Owner-User Opportunity w/ Passive Income |
| Building and Tenant Composition - Chase Bank, Cabinets, Pawn Shop - Upside Through Lease-Up |
| Location Advantages – Limited Competition - Highway 111 and Arabia Street Yields High Traffic, with Over 27,111 Cars Per Day. |
| City and Growth Factors: In 2019, the Riverside County Fair Received Over 1.1 Million Visitors and is Slated to Reopen in February of 2023. |
| The Site Abuts the Palmera Project, which is in the Process of Developing 346 Multi-Family For-Rent and For-Sale Residential Units |
| Market Drivers & Demographics: Strong Supporting Demographics 5-Mile Radius | Over 161,000 People and Average Household Income of $88,000 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Palm Springs International | 29 min | - | 21.7 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 40 |
| Type: | Surface |
| Included in Rent: | Yes |
