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26995 Alessandro Boulevard
About This Property
• Favorable Downtown Center (DC) Zoning Allows for No Limits on Density
• DC Zoning Establishes a Flexible Environment for Creative/Transformative Projects
• Close Proximity to Town Center at Moreno Valley - A Mixed Used Project With up to 800 Homes and 220,000 SF of Commercial Use, to Be Completed in 2025
• City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years
• Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City
• An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in Fall of 2023
• Close Proximity to the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion
• Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2026 | Listed by DIVERSIFIED REALTY INC. | $9,000,000 | |
| Listed by DIVERSIFIED REALTY INC. | |||
| Jan 20, 2022 | Sold | ||
| Sold | |||
| Aug 21, 2019 | Listed by Tekton Real Estate | $5,148,792 | |
| Listed by Tekton Real Estate | |||
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Hard signalized corner. SW corner of Alessandro & Nason. within walking distance to 439-bed Riverside University Medical Center! 7.88 acres zoned OC (Office Commercial); which allows for a variety of office and retail commercial uses! all flat and usable parcel! NOTE: buyer to verify availability of utilities, zoning and allowable uses for the property.
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About Moreno Valley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017