6809 Brockton Avenue, Riverside, CA 92506

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Property Description

Vantis Capital Advisors is pleased to present the opportunity to purchase the fee simple interest The Sam Armstrong Building. The property is 100% leased: Coldwell Banker Residential Brokerage (previously Coldwell Banker Armstrong Properties/Armstrong Realty) occupies 81% of the GLA and the company has operated at the site since 1963. This office has been a top performing location for the brand within the I.E, O.C., L.A., and Desert region, receiving seven awards for 2018 for revenue, profitability, management, and agent retention. Armstrong Property Management and Armstrong Escrow each have a 10- and 20-year operating history, respectively, providing a synergistic tenant mix adding to the long-term stability of the investment. This iconic building is well known within the Riverside community. It has been documented for its architectural design by the City of Riverside, who reports its eligibility for listing as a historic building in the California Register under Criterion Three. The eye-catching design, prominent monument and building signage, and established palm trees make it impossible to miss when driving or walking by. The Sam Armstrong Building is ideally located at the signalized intersection of Brockton Avenue and Nelson Street in the heart of the Magnolia Center. The 5-mile trade area is supported by a population of nearly 305,000 with an average household income of $75,682 and 110,868 daytime employees.

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Calculator source: Real Geeks

Listing courtesy of Matt Hardke from Vantis Capital Advisors

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.