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Available For Sale - Industrial

39,795 SF | Show Pricing $

AVAILABILITY DETAILS

Size
39,795 SF
Price/SF
Show Pricing $
Listing ID
SA255140
Notes
Avison Young, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest in two multi-tenant industrial/flex buildings totaling 39,795 square feet at 41120 & 41146 Elm Street in Murrieta known as Valley Vista Commerce Center. Valley Vista Commerce Center is currently 100% leased to eleven tenants in spaces ranging from 1,750 - 11,028 square feet. 75% of 41120 building was renovated and refreshed in 2018. Both buildings have approximately 60% 2-story office improvements in each. Each building is on it’s own separate parcel with the potential to add additional adjacent land on both sides of the subject properties. The project features panoramic views of the valley, surrounding foothills and mountains in select suites. It also boasts exterior surveillance camera security system with 24 hour remote access. |Located in an excellent Southwest Riverside County location, near the I-215 and I-15 interchange, in an explosive industrial development region central to Orange, San Diego, Riverside and San Bernardino Counties. |Currently 100% leased, these properties provide an excellent opportunity for cash flow or value-add investors and for an Owner-Occupant Buyer that will occupy a portion of the property. Some short-term Lease rollovers create an opportunity for a business owner to occupy space at dramatically reduced occupancy costs, possibly free, while still being cash flow positive on the investment. Investors can purchase at attractive return rates vs. other Southern California markets with value-add components of a potential commercial condominium conversion sales at higher price per square foot and/or rental rate growth. There is security in flexibility with many potential long-term exit strategies.
Uses
Industrial

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Stan Nowak SIOR, Avison Young