14114 Business Center Drive, Moreno Valley

$5,200,000

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0 Bed
0 Bath
1.62 Acres
0 Garage

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.

Essential Information

MLS® #
IV23136227
Price
$5,200,000
Bathrooms
0.00
Acres
1.62
Year Built
1990
Type
Commercial Sale
Sub-Type
Office
Status
Active

Community Information

Address
14114 Business Center Drive
Area
259 - Moreno Valley
City
Moreno Valley
County
Riverside
Zip Code
92553
Senior Community
N

Amenities

Parking Spaces
106

Utilities

Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Interior

Heating
Central
Cooling
Central Air
# of Stories
1

Exterior

Exterior
Cement Siding, Concrete
Roof
Composition, Flat
Construction
Cement Siding, Concrete

Lot Description

Rectangular Lot, Sprinkler System

Additional Information

Date Listed
July 24th, 2023
Days on Market
265

Listing Details

Agent
Vinod Desar

Office

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

Property History
Price Increased from $4,998,000 to $5,200,000
Status Changed from Pending to Active
Status Changed from Active to Pending

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Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2024 at 7:20am PDT. 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. 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, 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.