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31760 Casino Drive

Lake Elsinore, CA 92530
  • $8,286,750
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: CV21237569
UPDATED: 61 min ago
$8,286,750
  • 0
    BEDS
  • 2.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1990
County:

School Ratings & Info

Listing provided courtesy of Douglas Mccauley of Marcus & Millichap and David Covarrubias of

Description

We are proud to exclusively present the opportunity to acquire Lakeview Plaza, a 3-tenant retail/office building located in the City of Lake Elsinore, California. Built in 1990, the property sits on 2.51 acres and has a combined building size of approximately 31,747 square feet. The building is situated with approximately 500 feet of street frontage on Casino Drive. Lakeview Plaza has a strong location with freeway visibility on Interstate 15 and is located within one mile of the southeasterly shore of Lake Elsinore and several master plan residential communities including Summerly development that consists of approximately 1,979 dwelling units, several parks, recreation areas and an 18-hole golf course with a freeway pylon sign, covered walkways and approximately 110 parking spaces. The current tenants are long-term and have all signed leases that provide for annual rent increases. Upon the execution of the lease, the County of Riverside tenant improvements were in excess of $900,000. Rancho Physical Therapy tenant improvements include an indoor therapy pool and private treatment rooms.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-29T21:27:17.353. 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 deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/122853559
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31760 Casino Drive Lake Elsinore, CA 92530

  • Price: $8,286,750
  • Status: Active
  • On Site: 31 Days
  • Updated: 61 min ago
  • ID#: CV21237569
0
Beds
0
Baths
0
½ Baths
2.51
Acres
1990
Built
Neighborhood:
699 - Not Defined
County:
Riverside
Area:
699 - Not Defined
Property Description
We are proud to exclusively present the opportunity to acquire Lakeview Plaza, a 3-tenant retail/office building located in the City of Lake Elsinore, California. Built in 1990, the property sits on 2.51 acres and has a combined building size of approximately 31,747 square feet. The building is situated with approximately 500 feet of street frontage on Casino Drive. Lakeview Plaza has a strong location with freeway visibility on Interstate 15 and is located within one mile of the southeasterly shore of Lake Elsinore and several master plan residential communities including Summerly development that consists of approximately 1,979 dwelling units, several parks, recreation areas and an 18-hole golf course with a freeway pylon sign, covered walkways and approximately 110 parking spaces. The current tenants are long-term and have all signed leases that provide for annual rent increases. Upon the execution of the lease, the County of Riverside tenant improvements were in excess of $900,000. Rancho Physical Therapy tenant improvements include an indoor therapy pool and private treatment rooms.
Exterior Features

Lot Features Lot Over 40000 Sqft

Property Features

Additional Parcels YN Yes Cap Rate 6 Common Interest None Gross Scheduled Income 712938 Insurance Expense 5400 Laundry Features None Listing Agreement Exclusive Right To Sell Maintenance Expense 9000 Net Operating Income 497205 Operating Expense 198545 Other Expense 2400 Property Sub Type Retail Special Listing Conditions Standard Trash Expense 7200 Vacancy Allowance 21388 Water Sewer Expense 18000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-29T21:27:17.353. 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 deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing provided courtesy of Douglas Mccauley of Marcus & Millichap and David Covarrubias of