14114 Business Center Drive Moreno Valley, CA 92553
19,524 Sq. Ft. / 70,567 Sq. Ft., 1.62 acres lot size / Office, Business Opportunities
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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.
Vinod Desar
Broker Associate, Commercial Real Estate Specialist
Direct: (951) 533-7525
CA DRE# 1899239
property details
Type
Office, Business Opportunities
Status
Active
County
Riverside
Year Built
1990
Sq. Ft.
19,524
Lot Size
70,567 Sq. Ft., 1.6 acres
Listing Id
IV23136227
Courtesy Of
Vinod Desar - BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY 951-533-7525
List Office Phone
+1 (951) 363-0002
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Roof
Composition
Flat
Flat
Lot/Land Description
Rectangular Lot
Sprinkler System
Sprinkler System
Stories
1
Parking Spaces
106
Utility & Building Info
Parcel Number
297210026
Cooling
Central Air
Water Source
Public
Heating
Other
Central
Central
Tax Amount
55000
Building Area Total
19,524 Sq. Ft.
Price Per Sq Ft
$266
Architectural Style
1 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
01/03/2024
01/03/2024
|
Active |
$5,200,000
|
CA Regional MLS (CRMLS) |
|
12/29/2023
12/29/2023
|
Active |
$4,998,000
|
CA Regional MLS (CRMLS) |
|
12/11/2023
12/11/2023
|
Pending |
$4,998,000
|
CA Regional MLS (CRMLS) |
|
07/26/2023
07/26/2023
|
Active |
$4,998,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: LiveBy
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