Riverside, CA - eXp Commercial proudly introduces the Granville Business Center, a prestigious Historic Victorian Executive Office building located at 7121 Magnolia Ave. and 4600 Arlington Ave. in Riverside, California. This remarkable property offers a unique opportunity for investors and owner users alike.
The Granville Business Center presents the option to acquire the property as a standalone investment or as an owner user building by occupying 51% or more of the site. Owner user occupancy opens up attractive financing options through the Small Business Administration (SBA) programs, requiring as little as 10% down payment.
Upon entering the Granville Business Center, visitors are greeted by an atmosphere of elegance and professional decor in the reception lobby. The main floor features a meeting/conference center and multiple offices, conveniently located just off the lobby. A wrought-iron, rounded staircase leads to the upstairs offices, meeting areas, and a kitchenette, providing a functional and well-designed space.
The Granville Business Center consists of two structures surrounded by ample parking, making it convenient for tenants and their guests. Its prime location offers easy freeway access and quick proximity to local shops and eateries. Additionally, the property's beauty and charm have garnered recognition.
Key Property Highlights:
● Owner user opportunity or available for lease
● Investment sale condition for conventional or 1031 exchange
● Property Type: Office
● Building Size: 7,646 SF
● Building Class: B
● Year Built/Renovated: 1930/1989
● May qualify for SBA owner/user financing
The Riverside Submarket in Inland Empire, where the Granville Business Center is situated, is a prominent area encompassing approximately 11.3 million SF of office space. With a vacancy rate of 6.2%, below the 10-year average, and a net absorption of 120,000 SF in the past year, the submarket demonstrates strong performance. Rental rates have grown by 4.0% over the past year, aligning with the impressive long-term average in Riverside.
The Granville Business Center offers approximately 7,646 square feet of office space on a 19,744 sqft lot. Its well-maintained structure, originally built in the 1930s and relocated to its current location in the late 1950s, exudes timeless charm. The property includes multiple suites, allowing the owner to occupy 51% of the space and potentially qualify for SBA financing.
For interested parties and further information, please contact:
● Charles Swanberg, eXp Commercial: 310.406.6767, charles.swanberg@expcommercial.com, CalDRE #00973712
● Geoff Luna, Cartur Group: 562.686.5167, geoff@carturgroup.com, CalDRE #01167933
● Geoffery Luna, eXp Realty: 562.686.4593, geoffery.luna@exprealty.com, CalDRE #02039592
Charles Swanberg Bio:
Charles Swanberg is a seasoned real estate professional with a wealth of experience in both residential and commercial sectors. As the Chief Real Estate Officer at W America Realty in San Gabriel, California, he brings extensive knowledge and expertise to oversee brokerage operations. With a background that spans over 20 years in real estate, Charles has excelled in various roles, including residential realtor, industrial brokerage specialist, and corporate middle-market banking professional. He holds a Bachelor of Science in Business Management from the Graziadio School of Business at Pepperdine University. As an immigrant from Japan and a fluent Japanese speaker, Charles offers a unique perspective and is well-equipped to cater to diverse clientele. With his impressive track record and passion for real estate, Charles Swanberg continues to make a significant impact in the industry.
Media Contact
Company Name: Industrial Logistics
Contact Person: Charles Swanberg
Email:Send Email
Phone: 3104066767
Country: United States
Website: www.expcommercial.com
