Moreno Valley, CA Multi-Family Commercial Real Estate
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BULK SALE OF 4 SINGLE FAMILY RESIDENCES
15868 Cobra Dr
Rainbow Ridge, Moreno Valley, CA
Lot Size:0.73Acres
AGGREGATE INVESTMENT PARTNERS is proud to present The Moreno Valley Portfolio the bulk sale of four single-family residences in the City of Moreno Valley, California. The City of Moreno Valley is a rapidly growing city in Riverside County, California. These well-maintained properties present an opportunity for an investor to acquire in this high-growth submarket and generate excellent cash flow. Furthermore, the opportunity presents approximately 35% upside in rental income potential.The Moreno Valley Portfolio is comprised of the following four single family residences:15868 Cobra Drive: 3 bed / 2.5 bath house with a total building size of 2,016 square feet, on a 7,840 square foot lot.23874 Mark Twain Street: 3 bed / 2.5 bath house with a total building size of 1,598 square feet, on a 6,098 square foot lot.14228 Rio Bravo Road: 3 bed / 2.25 bath house with a total building size of 1,759 square feet, on a 7,840 square foot lot.15336 Via Alicia Drive: 4 bed / 2.25 bath house with a total building size of 1,630 square feet, on a 10,018 square foot lot.
$1,240,000
Isla Verde
24939 Cactus Ave
Chaparral Hills, Moreno Valley, CA
Lot Size:0.09Acres
Moreno Valley is a city located in Riverside County and is part of the San Bernardino-Riverside Metro Area. The area has been experiencing rapid growth from the 1980s to the early 2000s, becoming the second-largest city in Riverside County by population, 205,499 in 2016, and one of the Inland Empire’s population centers. Though it is still a relatively young City, the 2600 acre, $3 billion World Logistics Center is about to put Moreno Valley on the map, bringing thousands of jobs for years to come. Isla Verde is located minutes from this rapidly developing industrial center near the former March Airforce Base and the 215 Freeway, making the commuting distance to work centers to the north, south, and west very accessible. The property is also a short distance to Perris Lake and Diamond Valley Lake, where friends & family typically gather to enjoy the beautiful California landscape. Moreno Valley is blessed with gorgeous outdoor attractions in this part of California, such as stunning lakes, mountains, and hiking & biking trails. Moreno Valley also as a rugged terrain filled indigenous wildlife and green spaces. Isla Verde is a 121 Home Build For Rent (BFR) Single Family Rental Investment Portfolio in Moreno Valley, CA. Timing for an investor couldn’t be more ideal to take advantage of the Isla Verde 121 Home Build For Rent community, as the World Logistics Center, a 40.6-million-square foot warehouse complex on its 2600 acre campus is to be being developed only 8 miles from the Isla Verde subdivision. This $3 billion next-generation, high-tech distribution hub for major global corporations will bring thousands of more jobs to Moreno Valley, attract the world’s leading companies, and provide nearly $2.5 billion a year in economic benefit to the City of Moreno Valley and the region as a whole. Moreno Valley has already experienced some impressive job growth in the last few years, adding 14,000 new jobs with the likes of Amazon, Aldi, Karma Automotive, and Proctor & Gamble setting up shop in town. The World Logistics Center will add another 13,000 construction jobs over the next 15 years and 20,000 permanent jobs at a variety of skill levels from entry level to management, ensuring the sustainability & viability of Moreno Valley and the investment in Isla Verde’s 121 Home Build For Rent Single Family community. Isla Verde offers multiple floor plans ranging from 1462/SF – 2696/SF and almost no capital expenditures for several years after occupancy. The vision for this project shows the developer’s passion, as Isla Verde incorporates Spanish Traditional, Tuscan, French Cottage architectural designs accompanied with concrete flat tile roofs, stucco finishes vinyl windows with foam trims, decorative shutters, and sectional garage doors. This BFR investment opportunity offers spacious 1 & 2-story homes with 3, 4, & 5 bedroom homes and two car garages. Rental rates for stabilized year 1 have been conservatively modeled between $1696 - $2426 per month for these beautiful homes. Pre-Leasing can begin once homes are under construction and builder reaches certificate of occupancy. The first phase of homes should be delivered in Q2 of 2018, buyer can close escrow and move tenants in asap creating an immediate cash flow and return on your investment from day one! Stabilized Year I Cap Rate of 6.55% & Year I Leveraged IRR of 32.85% has conservatively been modeled given market rents in the area. An investor should realize significant capital growth in the next few years given the employment & population growth expected with the World Logistics Center’s campus development here in Moreno Valley.
$34,400,000
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Market Stats
Moreno Valley has 337 commercial real estate spaces for lease, representing 8,878,323 sqft space.
140 buildings are available for sale.
In the past 30 days, Moreno Valley has had 8 spaces leased.
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