2851 Canyon Springs, Riverside, CA 92507 - Berkshire Hathaway HomeServices California Properties

2851 Canyon Springs, Riverside, CA 92507

$5,150,000 Approx. USD 0 beds, 0 baths

Listing Agent


Brad Freeman | brad@freeman-associates.com
Lic#: 01329426
Broker: Courtesy of FREEMAN & ASSOCIATES

Agent Remarks

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.

Listing Details

Property type: Retail (Commercial)
Status: Active
MLS# IG25086565
Price: $5,150,000
Built in 2004
1.18 acres
Lot size: 1.1800
County: Riverside
Construction: Stucco
Lot description: Level
Heating/cooling: Central Air
Heating description: Central
MLS area: 252 - Riverside

Last Updated: 5/23/2025

 Days On Market (DOM): 93

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This listing belongs to the 252 - Riverside MLS area

Lat/Long: 33.939478, -117.280574.
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