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$5,300,000
204 Days On Site

2851 Canyon Springs
Riverside, CA 92507

For Sale|Retail|Active
0
Beds
0
Full Baths
0
Partial Baths
8,326
SqFt
$637
/SqFt
2004
Built
County:
Riverside
Listed by BRAD FREEMAN of FREEMAN & ASSOCIATES [email protected]

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2851 Canyon Springs2851 Canyon Springs2851 Canyon Springs2851 Canyon Springs
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The property sits along a busy corridor of the Interstate 60 with a Huge Pylon dedicated to this 2,000,000 +/- Square Foot Regional Retail Power Center, located at the Freeway Interchange of the I60 and the I215. This is the prime exit on the I60 coming from the east, and you can also come to the center from the south by exiting off the I215. This offering consists of two nationally branded tenants, including Verizon & GameStop, and one regionally branded tenant AhiPoki, and also Pho Ha which has more than one location. All tenants are on NNN leases, and all renewed their options, except AhiPoki (they are taking over Subway Space in July 2024, because Subway has no more options). The building is also well-suited for future leasing that can produce increase in rents over time. Brokers and tenants call regularly unsolicited, wanting to know if any leases are expiring soon so they can takeover the space. The entire power center is very low turnover, as landlord has only ever lost one tenant when Payless filed bankruptcy. Shadow Anchored by Target, the subject is Pad Building C located at the drive entrance to Target, known to be one of the most visited shopping destinations in the region. All tenants are seasoned at this location, except for AhiPoki, but even then AhiPoki has clientele in the area, because they used to be located across Day Street in the Lowes shopping center.

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Listing Snapshot
Price 
$5,300,000
Days On Site 
204 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,326 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.18 Acres
Year Built 
2004
MLS® Number 
EV24112982
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 months agoStatus changed to Active
7 months agoListing updated with changes from the MLS®
7 months agoListing first seen on site
General Features
Acres 
1.18
Additional Property Use 
Commercial
Number Of Stories 
1
Property Sub Type 
Retail
Security 
Security SystemFire Sprinkler SystemSecurity Lights
Special Circumstances 
Standard
SqFt Total 
8326
Utilities 
Natural Gas AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer AvailableWater Connected
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
Central
Laundry Features 
None
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Exterior Features
Construction Details 
Stucco
Lot Features 
Level
Community Features
Financing Terms Available 
CashSubmit
MLS Area 
252 - Riverside


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. The 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.

Neighborhood & Commute
Source: Walkscore
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