14114 Business Center Drive Moreno Valley, CA $ 5,200,000
14114 Business Center Drive
$ 5,200,000
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14114 Business Center Drive

Moreno Valley, CA, 92553
$ 5,200,000
Baths0.0 Sq 19,524

Monthly Estimate*

$ 36,324

Listed by BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
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View a Virtual Tour
Studio

Commercial Property for sale in Moreno Valley, CA

for $5,200,000. This 19,524 square foot building was built in 1990 on a lot size of 1.62.

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.

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Commercial Active

Price

$ 5,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 55,000

Style

Office

Lot Size

1.62

Year Built

1990

Town/City

Moreno Valley

County/Region

Riverside

MLS | Web ID

IV23136227

Days on Market

278

Features
General
Heating Central
Cooling CentralAir
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Roof Composition Flat
Security Features Prewired SecurityGate
Construction Materials CementSiding Concrete
Year Built 1990
Electric ElectricityOnProperty PhotovoltaicsSellerOwned
Property SubType Office
Tax Year 2023
Business Type Dental Medical
County Riverside
Net Operating Income 355200.0
Operating Expense 66000.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Building Features PhoneSystem
Special Listing Conditions Standard
Status Active
Directions From 215 fwy exit on Alessandro head East. South on Elsworth st West on Business Ctr Dr.
City Moreno Valley
View Y/N N
Senior Community Y/N N
Open Parking Spaces 106.0
Total Units 21
MLS Area 259 - Moreno Valley
Lot Size Square Feet 70567.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 5
Street Name Business Center
Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange LeaseBack
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 55000.0
Home Warranty Y/N N
Current Financing Conventional
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://drive.google.com/file/d/1Ae9z9SSPHkIPaVv-jABhV8b6EmEM5liq/view?usp=drive_link
Days on Market 140
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Owner
Year Built Source Estimated
Property Sub Type Additional Office
Cap Rate 7.0
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Exterior
Fencing AverageCondition
Lot Features RectangularLot SprinklerSystem
Water Source Public
Total Parking 106.0
Lot Size Area 70567.0
Number of Buildings 1
Spa N
Building Area Total 19524.0
Lot Dimensions 332'+_x212'+_
Lot Size Acres 1.62
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Drive
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 14114
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* Excluded Features
List By
Berkshire Hathaway Homeservices California Realty

Broker

(951) 533-7525

Phone

Affordability Calculator

$40,907
Per Month
89%
11%
0%
Monthly Principal & Interest
$36,324
Monthly Property Taxes
$4,583
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/26/2023$4,998,000 Listed Price

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14114 Business Center Drive, Moreno Valley, CA, 92553 is a Commercial Property for sale at $5,200,000 with 19,524 sqft and a lot size of 1.62. 14114 Business Center Drive is a studio with 0.0 baths and was built in 1990. The property's zip code is 92553 which is in Moreno Valley, CA