24515 Alessandro Blvd Listing Details & Market Data

24515 Alessandro Blvd, Moreno Valley, CA 92553

  • For Lease $1.50 - $2.00/SF/MO
  • Property Type Retail - Freestanding
  • Property Size 7,023 SF
  • Lot Size 0.63 Acre
  • Year Built 1983
  • Date Updated Apr 5, 2024
SEC Alessandro Blvd & Indian St±7,023 SF Freestanding Building with 3 Vacant Units±7,023 SF Freestanding Building with 3 Vacant Units

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Attachments

Highlights

  • Potential Drive-Thru – Property previously was a bank with drive-thru. (Buyer to Verify With City)
  • Signalized Intersection – Prominently situated on the corner of Alessandro Blvd & Indian St with ±48,430 cars per day
  • Monument Signage Included
  • Strong Demographics – 165,800 residents with $91,700 average household income (3-mile radius)
  • Growth Market – With an annual growth rate of 3.44%, Moreno Valley is one of the fastest growing cities in the region. It recently became the 2nd largest city in Riverside County and 21st largest city in California by population.
  • Close Proximity to Regional Industrial Hub + Daytime Population – Moreno Valley is home to over 32 million square feet of industrial space leased to national companies such as Amazon, ALDI, Home Depot, Lowe’s, Ross, Skechers, and more.
  • Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%.
  • If purchased with 10% down ($149,000), the monthly loan payment is estimated at $8,620/month. After accounting for $6,200 of potential monthly gross rent from Suites B & C (3,100 x $2.00 PSF Gross) the effective cost to occupy the remaining 3,423 SF is just $2,420, or $0.71/SF.
  • After removing principal paydown ($2,580/month during Year 1) and accounting for just the interest portion of the monthly loan payment, the cost to occupy drops to below $0!
  • As an owner, one can benefit from the potential appreciation of the asset.

Spaces Available

Contacts

broker

Albert Lopez

Progressive Real Estate Partners

(909) 230-4500

Location

Getting Around

  • Walk Score ®

    Very Walkable (70)

  • Transit Score ®

    Some Transit (33)

  • Bike Score ®

    Bikeable (53)
Powered by Walk Score ®
  • City Moreno Valley, CA
  • Zip Code 92553
  • Market Inland Empire

Points of Interest

  • Moreno Valley/March Field

    3.09 miles

  • Riverside–Hunter Park/UCR

    8.06 miles

  • Riverside–Downtown

    8.77 miles

  • Downtown Perris

    9.28 miles

  • Circle-K

    1.11 miles

  • Thrifty

    1.55 miles

  • Shell

    2.00 miles

  • Chevron

    2.05 miles

  • 76

    2.12 miles

  • Shell

    2.17 miles

  • 7-Eleven

    2.18 miles

  • ARCO

    2.49 miles

  • Costco Gasoline

    2.73 miles

  • Chevron

    2.87 miles

  • Staff Parking

    2.31 miles

  • Visitor Parking

    2.32 miles

  • Pigeon Pass Park And Ride

    2.35 miles

  • Towngate / Moreno Valley Mall Park And Ride

    2.40 miles

  • Physician Parking

    2.45 miles

  • Parking Lot A

    2.69 miles

  • Parking Lot C

    2.73 miles

  • Student Permit Parking B

    2.77 miles

  • Parking Lot D

    2.80 miles

  • Accessible Parking Lot "G"

    2.81 miles

  • Taco Bell

    0.64 miles

  • Domino's

    1.56 miles

  • Tijuana's Tacos

    1.56 miles

  • Brandon's Diner

    1.57 miles

  • Our Place

    1.58 miles

  • Black Bear Diner

    1.58 miles

  • Burger King

    1.59 miles

  • Sizzler

    1.60 miles

  • Denny's

    1.61 miles

  • Salley's Alley

    1.66 miles

  • Superior

    1.59 miles

  • Palm Plaza Moreno Valley

    1.60 miles

  • Big Lots

    1.73 miles

  • Stater Bros.

    2.26 miles

  • Sears

    2.48 miles

  • Moreno Valley Mall

    2.57 miles

  • WinCo Foods

    2.60 miles

  • JCPenney

    2.61 miles

  • Macy's

    2.71 miles

  • ALDI

    2.76 miles

Contact Listing Broker

broker

Albert Lopez

Progressive Real Estate Partners

(909) 230-4500

  1. 1Main information
  2. 2Extra information