24515 Alessandro Blvd

Highlights

• High Traffic Counts – ±48,430 cars per day
• Signalized Intersection – Prominently situated on the corner of Alessandro Blvd & Indian St
• Monument Signage Included
• 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 ($140,000), the monthly loan payment is estimated at $8,100/month ($1.15/SF). After accounting for $5,200 of potential monthly gross rent from Suite B (2,600 x $2.00 PSF Gross) the effective cost to occupy the remaining 3,923 SF is just $2,800/month ($0.73/SF).
• After removing principal paydown ($2,450/month during Year 1) and accounting for just the interest portion of the monthly loan payment, the cost to occupy drops to approximately $350/month, or just $0.09/SF/month - far less than the cost of leasing!
• As an owner, one can benefit from the potential appreciation of the asset.

Location

Getting Around

• Walk Score ®

  70/100 Very Walkable

• Transit Score ®

  33/100 Some Transit

• Bike Score ®

  53/100 Bikeable

Points of Interest