Copy Link to Download Offering Memorandum: https://www.pcplistings.com/listings/40880countyctr/
3 BUILDING MULTI-TENANT INDUSTRIAL PARK
* STABILIZED STICKY RENT ROLL | 97.4% leased multi-tenant industrial park with long-standing “sticky” tenant with staggered lease expirations. The in-place rents are approximately 14% below market providing significant upside for a new owner, hence the 7.4% Cap Rate in year 4.
* POTENTIAL FUTURE SALES OF INDIVIDUAL BUILDINGS | The property's unique configuration on two separate parcels provides exceptional flexibility. This structure
allows for potential future sales of individual buildings, creating diverse exit strategies and maximizing investment returns.
* OVER 95% OCCUPANCY FOR 7+ YEARS | The buildings have enjoyed occupancy of over 95% for more than 7 years with an average historical lapsed lease term over 11 years.
* BELOW REPLACEMENT COST | Priced 39% below the estimated replacement
cost of $23,472,075 ($345/PSF).
UNIQUE PROJECT CHARACTERISTICS
* No mezzanine. Single story throughout | Well balanced average tenant size of
3,012 SF, perfect for the Temecula tenant mix.
* Walking distance to the Temecula Promenade which offers 1.1M SF of retail options | Ample grade level parking.
EXCELLENT MARKET FUNDAMENTALS THAT SUPPORT UPSIDE
* LOWEST VACANCY RATES | Temecula has some of the lowest industrial vacancy rates in all Southern California with a current overall multi-tenant industrial vacancy rate of 1.1% with a 10-year average of 3.65% over its 10.39M SF industrial base.
* POPULATION INCREASE | From the year 2010 to 2025, Temecula's population increased by 96.1% compared to the greater Riverside County of 56.3%. In this same time period, the average home sales price increased from $197,000 to $460,000. Furthermore, Temecula's population is anticipated to grow by another 6.9% by 2027.