40880, 40935 & 40945 County Ctr Dr Flex FOR SALE


Temecula, CA
$14,286,000 USD
858-527-2727
, Temecula, CA for Sale
$14,286,000 USD
Flex - FOR SALE
1/6
null | Request Cap Rate

40880, 40935 & 40945 County Ctr Dr
Temecula, CA


HIGHLIGHTS

  • 3 BUILDING MULTI-TENANT INDUSTRIAL PARK | STABILIZED STICKY RENT ROLL
  • POTENTIAL FUTURE SALES OF INDIVIDUAL BUILDINGS
  • OVER 95% OCCUPANCY FOR 7+ YEARS

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Matt PourchoCBRE, Inc.More Info
858-527-2727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matt PourchoCBRE, Inc.More Info
858-527-2727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.