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524 West 4th Street

524 West 4th Street
Perris, CA 92570
Availability: Price:$2,600,000 Size:8,277 SF
Shipping: Marcus & Millichap is pleased to present 524 West 4th Street in Perris, CA.
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Description





Agents

BEN TASHAKORIAN | SENIOR MANAGING DIRECTOR


Senior Director: Institutional Property Advisors (IPA)
License: CA 01333884
Dir: (858) 373-3176
Fax: (858) 373-3110
btashakorian@ipausa.com

David Benjamin | Senior Associate


Member: NOIPG
License: CA 01934605
Cel: (303) 386-5291
Dir: (858) 373-3165
david.benjamin@marcusmillichap.com

Description

Marcus and Millichap’s Real Estate Group is pleased to exclusively offer the opportunity to acquire 524 W 4th Avenue located in Perris, California. The offering is a two-tenant, 8,277-square-foot medical office building located at 524 W 4th Avenue. This building is 100 percent occupied. The anchor tenant, Perris Hills Pharmacy is all inclusive fullservice pharmacy. The second tenant BAWJ Medical Services is an urgent care facility that complements the pharmacy’s business. Perris Hills Pharmacy will execute a new 10-year sale lease back at the close of escrow. The subject property has core factor that could easily be incorporated as an additional suite. With complementary medical tenants, new construction, a long-term lease and additional upside, 524 W 4th Avenue offers an investor a stable in place income stream and a value-add opportunity.

Features

  • 8,277-Square-Foot, Two - Tenant, Medical Office Building
  • 10- Year Sale Lease Back with Anchor Tenant - Perris Hills Pharmacy
  • Upside to Incorporate an Additional Suite
  • Brand New Construction

Offering Price

$2,600,000

Net Rentable Area

8,277 SF

Price Per SF

$314.12

CAP Rate

7.18%

Year Built

2017

Land Area

15,240 SF

Parking Spaces

26 Surface Spaces

Parking Ratio

3.16 /1,000 SF

Details

  • 22932288
  • Office
  • Price:$2,600,000 Size:8,277 SF
  • New

Shipping Information

  • Item Requires Shipping
  • Marcus & Millichap is pleased to present 524 West 4th Street in Perris, CA.

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