Listing provided courtesy of Mike Marcu of Mike Marcu, Broker. Last updated 2024-11-01 08:11:17.000000. Listing information © 2024 Sandicor.
Asking Price: $6,500,000
876 D, Perris CA 92570
Community: 699 - Not Defined
This Commercial/Residential property was built in 2019 and is priced at $6,500,000. Please see the additional details below.
New Majestic is a 2019 built MIXED USE investment property. Operating at 100% occupancy the property is well parked and sits on a nearly 1-acre corner lot with exceptional visibility for retail tenants. There are 8 individual retail suites comprised of 4 tenants, all on gross leases. The residential portion of the property consists of 11 two-bedroom two and one-half bath apartments that are approximately 1,300 square feet and four two-bedroom two bath apartment's that are approximately 1,400 square feet. The retail portion of the property has been valued using a 6% capitalization rate. There are 29 open parking spaces for the tenants and there are washer and dryers in the apartment units.