16475 Lakeshore Drive, Lake Elsinore, CA 92530

About this commercial property

This 2009 constructed multi-tenant strip retail building is situated in the heart of Lake Elsinore, CA. 
 This property features 6,101 square foot building residing on a 40,075 square foot lot on busy Lakeshore Drive. it is divided into 5 separate retail units which range from 1,167 to 1,300 square feet. Each unit includes a restroom, lighting, drop ceilings and HVAC. Recently completed in 2009,
 a price is below replacement cost. 
 The Property is part of Lakeshore Plaza, anchored by Rite Aid Pharmacy, and is located at the signalized corner of Lakeshore Drive and Machado St.
 Cap rate is a projection with 100% occupancy is %6.36.

Listing description from the March 2018 sale, as reported to CRMLS.

Sale history

$1,100,000

Sold March 2018 · orig. $999,999, on market September 2017 · MLS #OC17209357 · Source: CRMLS

Listing Agent: Ragaey Estefan · Listing Office: Jousting Real Estate · Contact: 951-277-7770 · Bought with: Victoria Villavicencio · Encinas Realty

$930,000

Sold September 2016 · listed $969,000, orig. $1,049,000, on market February 2016 · MLS #NP16037176 · Source: CRMLS

Listing Agent: Louis Pacheco · Listing Office: HOM Sotheby's International Re · Contact: 949-554-1200 · Bought with: SOHIER SELIM · HOMEQUEST REAL ESTATE

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