Sunnymead Village

24541-24661 Alessandro Boulevard, Moreno Valley, CA, 92553

Property Description

Price: $6,670,000
Price Per/SF: $232.44
Land Area: ±2.53 Acres
Cap Rate: 6.04% Current | 8.43% Pro Forma
Gross Leasable Area: ±28,695 SF
Year Built: 1985

Investment Highlights

Value-Add Opportunity – Investors Have the Opportunity to Achieve an 8.43% Pro Forma Cap Rate by Renewing Existing Leases at Market Rates

Excellent Exposure Along Alessandro Boulevard, a Main Thoroughfare for the Area (Traffic Counts Exceed 36,000 Cars Per Day)

Offered at a Price/SF of Just $232.44 (Well Below Replacement Value)

Southern California Shopping Center Offering

  • 100% Occupied Retail Center with Excellent Tenancy – Over 60% of the GLA has Operated at Property for 5+ Years, Over 40% has Operated for 10+ Years
  • Immediate Upside Available – The Subject Property Features a Number of Month-to-Month or Short-Term Leases with Below Market Rents, Allowing Potential Buyers to Immediately Realize Upside by Renewing Existing Tenants at Market Rents
  • Large Lot of ±2.53 AC with Excellent Visibility Alessandro Boulevard

Strong Real Estate Fundamentals

  • Multiple Points of Ingress and Egress on Alessandro Boulevard
  • Close Proximity to the Area’s Major Freeways (60 and 215 Freeways)
  • Dense, Infill Area – Population Counts Exceed 228,000 Within 5 Miles | Strong Average Household Income of $94,725 Within 5 Miles
  • Close Proximity to a Number of Credit Tenants Including Food4Less, El Super, Walgreens, Ross, Firestone Auto, and Many More

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643

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