23020 Atlantic Circle Moreno Valley, CA, 92553
$ 750,000Bedrooms Baths0.0
for $750,000. This building was built in 1989 on a lot size of 124x130.
SPECTACULAR FREE-STANDING SINGLE-STORY, LEVEL-ENTRY OFFICE BUILDING IN A BUSY OFFICE/MEDICAL COMPLEX FRONTING ON FREDERICK STREET, WITH EASY CLIENT INGRESS AND EGRESS. BUILT IN 1989 BY THE PRESENT OWNER, IT HAS BEEN METICULOUSLY MAINTAINED AND IS IN VIRTUALLY MOVE-IN CONDITION. CURRENTLY HAS NINE SEPARATE OFFICES, EASILY CONVERTED TO TEN OR MORE, WITH A LARGE ENTRY AND WAITING AREA. TWO HVAC SYSTEMS FOR TWO SEPARATE COMFORT ZONES. 23 PARKING SPACES INCLUDING 10 COVERED CARPORT SPACES. MATURE SHADE TREES SURROUND THE BUILDING. AT 20% DOWN THIS PROPERTY WILL PRODUCE ABOUT 5% CASH-ON-CASH RETURN AT AN APPROX. 6.7 CAP RATE. THIS IS AN ATTRACTIVE INVESTMENT PROPERTY OR AN EXCELLENT OWNER-USER OFFICE BUILDING.
Cooling System Central Air Other Zoned
Heating Source Natural Gas
Heating System Central Heat Forced Air Other
Water Source Public Water
Community Amenities Clubhouse(s) Community Garbage
Construction Brick Veneer Frame/Wood
Garage 4+ Car Carport
Lot Description Level/Flat
Miscellaneous* Excluded Features
Utilities Electric Gas Phone Underground Utilities Water
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% 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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Commerical listings in Moreno Valley, CA
Average List Price $977,981
Percent of Sale Price 30 %
About Moreno Valley, CA
42 % Since 2002
$ 55,122 Median Income
30.63 Median Age
44 % Households with Children