Moreno Valley, CA 92553 14114 Business Center Drive
$5,200,000
36 more
Presented By: VINOD DESAR with BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY; 951-533-7525
Home Details
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.
Presented By: VINOD DESAR with BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY; 951-533-7525
Interior Features for 14114 Business Center Drive
Other Interior Features
LivingAreaSourceAppraiser
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixDrive
Total Stories1
Other Rooms
Entry Level1
General for 14114 Business Center Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Building FeaturesPhoneSystem
Business TypeDental, Medical
Cap Rate7.0
Carport Y/NNo
CityMoreno Valley
Construction MaterialsCementSiding, Concrete
CoolingCentralAir
CountyRiverside
Current FinancingConventional
Days on Market140
DirectionsFrom 215 fwy exit on Alessandro head East. South on Elsworth st, West on Business Ctr Dr.
ElectricElectricityOnProperty, PhotovoltaicsSellerOwned
Garage Y/NNo
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange, LeaseBack
Lot Size Square Feet70567.0
MLS Area259 - Moreno Valley
MobileHomeRemainsYNNo
Net Operating Income355200.0
New ConstructionNo
Number of Units Leased5
Occupancy DescriptionOwner
Open Parking Spaces106.0
Operating Expense66000.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalOffice
Property SubTypeOffice
Property TypeCommercialSale
Rent Control Y/NNo
RoofComposition, Flat
Security FeaturesPrewired, SecurityGate
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameBusiness Center
Tax Annual Amount55000.0
Tax Year2023
Total Units21
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1990
Year Built SourceEstimated
Exterior for 14114 Business Center Drive
Building Area Total19524.0
Crops Included Y/NNo
FencingAverageCondition
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions332'+_x212'+_
Lot FeaturesRectangularLot, SprinklerSystem
Lot Size Acres1.62
Lot Size Area70567.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
LotDimensionsSourceAppraiser
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking106.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480