Keegan Cin | Realtor® | License # DRE 01971604

Property

Riverside, CA 92507 2851 Canyon Springs

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Presented By: Brad Freeman with FREEMAN & ASSOCIATES; 661-201-7868
  • MLS# IG25086565
  • 04/20/2025
  • Request Tour
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  • SQFT • 8,326
  • Year Built • 2004

Home Details

This newer construction property consists of four suites with exceptional parking and freeway access. The property is located at the entrance to the Target Shadow Anchor, with ingress and egress. Target has the Prime Sign Location on the Freeway Pylon, and also monument signage at the entrance by the subject property and is also situated along Day Street where this main arterial connects to the Interstate 60. The property sits along a busy corridor of the Interstate 60 with a Huge Pylon dedicated to this 2,000,000 +/- Square Foot Regional Retail Power Center, located at the Freeway Interchange of the I60 and the I215. This is the prime exit on the I60 coming from the east, and you can also come to the center from the south by exiting off the I215. This offering consists of two nationally branded tenants, including Verizon & GameStop, and one regionally branded tenant AhiPoki, and also Pho Ha which has more than one location. All tenants are on NNN leases, and all renewed their options, except AhiPoki (they took over the Subway Space, because Subway had no more options). The building is also well-suited for future leasing that can produce increase in rents over time. Brokers and tenants call regularly unsolicited, wanting to know if any leases are expiring soon so they can takeover the space. The entire power center is very low turnover, as landlord has only ever lost one tenant when Payless filed bankruptcy. Shadow Anchored by Target, the subject is Pad Building C located at the drive entrance to Target, known to be one of the most visited shopping destinations in the region. All tenants are seasoned at this location, except for AhiPoki, but even then AhiPoki has clientele in the area, because they used to be located across Day Street in the Lowes shopping center.
Presented By: Brad Freeman with FREEMAN & ASSOCIATES; 661-201-7868

Interior Features for 2851 Canyon Springs

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 2851 Canyon Springs

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeCommercial, Retail
Cap Rate5.76
Carport Y/NNo
CityRiverside
Construction MaterialsStucco
CoolingCentralAir
CountyRiverside
Current UseCommercial
DirectionsDay St Exit off 60 Fwy, South on Day, West on Canyon Springs
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Submit
Lot Size Square Feet51401.0
Lot Size UnitsSquareFeet
MLS Area252 - Riverside
MobileHomeRemainsYNNo
Net Operating Income296810.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Occupancy TypeOwner
Open Parking Spaces60.0
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesSecuritySystem, FireSprinklerSystem, SecurityLights
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
UtilitiesElectricityConnected, NaturalGasConnected, PhoneConnected, SewerAvailable, WaterConnected
Waterfront Y/NNo
Year Built2004
Year Built SourceAssessor

Exterior for 2851 Canyon Springs

Building Area Total8326.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres1.18
Lot Size Area51401.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking60.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $5,150,000
MLS#IG25086565
List Date 04/20/2025
Property Type Commercial
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