Available For Sale - Industrial , Warehouse

39,234 SF | Show Pricing $

Download Brochure

LISTED BY

Jim Nadal
Lee & Associates, 951-445-4520
Jim Nadal
Lee & Associates, 951-445-4520

AVAILABILITY DETAILS

Size
39,234 SF
Price/SF
Show Pricing $
Listing ID
SA530447
Notes
INVESTMENT HIGHLIGHTS

X Southern California Multi-Tenant Flex, Retail Office Investment: Long term stable cash flow and annual increases.

X Value Add Investment with 82% of the GLA Leased and Below Market Rents: Strong deterrent against a downturn through non-commodity and diversified tenant uses and with recent common area enhancements and the remaining vacancies being move-in ready, the property offers the luxury of a passive investment while providing risk diversification with multiple tenants.

X Well-diversified rent roll with no major rollover in any one year. The future expirations are consistent and predictable limiting exposure of major vacancies. Additionally, there is a high retention probability due to in-place rents well below market.

X Dense and Affluent Inland Empire Demographics: More than 64,467 people within a 3-mile radius, with an Average Household Income of $129,036 more than 171,676 people within a 5-mile radius. More than 17.4 million SF of industrial and office buildings and 115,795 employees within a 5-mile radius of the property.

X Fully Built Out, Existing Executive Suite Expansion: Second floor office space offers Computer LAN wiring, direct GTE wiring, In-suite janitorial, lunch room, and conference rooms.

X Future Vision: As part of the Uptown Temecula Specific Plan, the City of Temecula is offering property owners incentives to assist in the creation a vibrant, pedestrian friendly, urban area.

X Strong Market Fundamentals: Southwest Riverside (Temecula, Murrieta, Wildomar, Canyon Lakes, Lake Elsinore, Menifee) yields one of the lowest vacancy rates in the Inland Empire, driven by strong tenant demand and limited supply.

X Temecula Valley has a population growth rate that is twice as large as that for the entire Southern California Region (1.69% compared to 0.78%).

X Strong Housing Growth: There are 30 new residential communities planned for 5,629 homes upon full build out within the Temecula area

X Dominant Trade Area: Centrally located with great visibility and frontage along Commerce Center Drive and Interstate 15, near the confluence of the I-15 and I-215 freeways and just 1 hour east of the port of Los Angeles (world’s busiest port) and

1 hour north of the U.S./ Mexico border (world’s busiest border crossing) between Riverside, Orange and San Diego Counties.

X Highly Favorable Market Trends: Riverside County is the 4th Largest and the 10th largest Real GDP of any county in California - $82 Billion with a 4.2 Percent growth rate from the preceding year. (US Bureau of Economic Analysis)

X Minimal TI Packages!: Property was leased-up with little tenant improvements allowances and suites are fully built out. This speaks to the strength of the leasing market and probability of renewal.

X Below Replacement Cost: At list pricing, the property will trade at more than a 55% discount to its land-inclusive replacement cost of over $300 PSF!
Uses
Industrial
Warehouse

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
Jim Nadal, Lee & Associates
BRE# 01040679