Active

14114 Business Center Drive

Moreno Valley CA, 92553

$5,200,000


$266.34 per sqft

Active

19,524 sqft

Commercial

Built in 1990

Listed by VINOD DESAR with BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY 951-363-0002

This fully occupied medical building is constructed using concrete tilt-up construction and is categorized as a Leased Fee estate. The property serves as a medical office and 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 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 finalized and placed into escrow. Seller Financing Available OAC. with 40-50% down payment.

IV23136227

MLS ID

July 24, 2023

Listed

March 28, 2024

Updated

Map

14114 Business Center Drive
Moreno Valley CA, 92553

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

1.62 Acres


Lot Features

Rectangular Lot, Sprinkler System


Roof

Composition, Flat

Other Property Details

Area Name

259 - Moreno Valley


Taxes

$55,000


Tax Frequency

Annually


Days on Market

140


Garage

No


Parking Total

106


View

No


County

Riverside


Water Source

Public


Pool

No


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

1/4/2024

Price Change

$5,200,000

4%

12/29/2023

Active

12/11/2023

Pending

Listing Contact: 951-363-0002 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/28/2024 at 1:49 PM UTC

 

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