40761 COUNTY CENTER DRIVE // TEMECULA // CALIFORNIA // UP TO ±102,320 SF INDUSTRIAL BUILDING FOR LEASE OR SALE

Transcription

1 40761 COUNTY CENTER DRIVE // TEMECULA // CALIFORNIA // UP TO ±102,320 SF INDUSTRIAL BUILDING FOR LEASE OR SALE

2 Sale and Leasing Advisors: STAN NOWAK, Principal CalBRE# CODY LERNER, Senior Associate CalBRE# Avison Young 4655 Executive Drive, Suite 325 San Diego, CA avisonyoung.com Avison Young. All rights reserved. The information provded herein was obtained from sources deemed reliable and is believed to be true. It has not been verified, and as such, cannot be warranted nor form any part of any future contract.

3 Property Overview COUNTY CENTER DRIVE TEMECULA CALIFORNIA

4 ASKING LEASE RATE: $0.65 PSF, NNN CURRENTLY OCCUPIED. CONTACT SALE/LEASING ADVISOR FOR DETAILS & SHOWING INSTRUCTIONS. PROPERTY FEATURES Excellent Southwest Riverside County location in an explosive industrial development area central to Orange, San Diego, Riverside and San Bernardino Counties. This 102,320 plus square foot industrial manufacturing/ distribution building boasts newly refurbished office buildout, an expansive warehouse with above average electrical power supply, 161 skylights, excellent drive around access, multiple dock high positions and grade level loading. Located approximately 1 mile from Interstate 15 at the Winchester Road exit. A 102,320 square foot industrial building available for purchase or lease Suites from 25,840 SF to 102,320 SF High-volume warehouse with wide column spacing (48 x 48 ) ESFR Fire sprinklers Heavy power for manufacturing: 4,000 amps / 277/480 volt, 3 Phase - multiple meters 16 dock-high (10 x 11 ) and 4 grade level (12 x 15 ) loading positions with excellent circulation and 120 concrete truck courts Low maintenance and low cost landscaping Newly refurbished offices, restrooms and kitchen/ breakroom Expandable office and parking plan available COUNTY CENTER DRIVE TEMECULA CALIFORNIA

5 PROPERTY DETAILS Address: County Center Drive, Temecula, CA Column Spacing: 48 x 48 APN: Clear Height: 28 Building Size: 102,320 SF Drive Ins: 4 Land Size 4.97 acres Dock High Doors: 16 Year Built: 1998 Parking Spaces: 119 Construction: Concrete Tilt-up COUNTY CENTER DRIVE TEMECULA CALIFORNIA

6 16 X 16 3-HOUR FIRE RATED SITE PLAN 4 6 motorcycle FUTURE OFFICE 10 x x x x x x x x x x WOMEN MEN PASS THROUGH FUTURE OFFICE FUTURE OFFICE 10 x x x x x x x x x X 16 3-HOUR FIRE RATED OFFICE 12 x 15 future TOILETS PASS THROUGH STORAGE BREAK ROOM MEN STORAGE WOMEN FIRE SPRINKLER RISER ROOM 12 COUNTY CENTER DRIVE ELECTRICAL ROOM COUNTY CENTER DRIVE TEMECULA CALIFORNIA

7 FLOOR PLAN FUTURE OFFICE 10 x x x x x x x x x 15 FUTURE OFFICE FUTURE OFFICE 12 x x x x x x x x x x 15 OFFICE Possible Availabile Combinations WOMEN PASS THROUGH 16 X 16 3-HOUR FIRE RATED BREAK ROOM 48,906 SF MEN future TOILETS MEN STORAGE 12 x 15 STORAGE WOMEN 74,746 SF FIRE SPRINKLER RISER ROOM 53,414 SF C 27,574 SF B 25,840 SF A 48,906 SF 27,574 SF PASS THROUGH 16 X 16 3-HOUR FIRE RATED ELECTRICAL ROOM 102,320 SF REMOVABLE DEMISING WALL COUNTY CENTER DRIVE TEMECULA CALIFORNIA

8 PHOTOS COUNTY CENTER DRIVE TEMECULA CALIFORNIA

9 PHOTOS COUNTY CENTER DRIVE TEMECULA CALIFORNIA

10 PARCEL MAP COUNTY CENTER DRIVE TEMECULA CALIFORNIA

11 Market Overview COUNTY CENTER DRIVE TEMECULA CALIFORNIA

12 INLAND EMPIRE 4.7% Total Vacancy Rate 4.7% Unemployment Rate 8.35m sf Net Aborbption $0.63 PSF Asking Rental Rate Weighted Average Q The Inland Empire industrial market continues to perform at optimal levels as of the second quarter of 2018, supporting the industrial demands of the entire Southern California region. Vacancy has contracted sharply quarter-over-quarter, after remaining nearly flat in the previous year. Reliable leasing demand has allowed rental rates to climb to record highs. The counties of Riverside and San Bernardino, which make up the Inland Empire market, are experiencing strong economic fundamentals, and rapid growth in population and quality inventory. These factors are driving heightened developer interest and elevated investor appetite. Industrial construction activity resumed rapidly post-recession and has met pre-recession levels with fervor. The market had 96 industrial projects under construction at the second quarter of the year, amounting to 24.5M sf of new inventory that is expected to be delivered in the coming year. The largest project under construction is Optimus Logistics Center, located in the South Riverside city of Perris, including two buildings totaling nearly 1.5M sf with no tenant pre-commitments. The next largest project includes the new LEED Certified buildings that are being added to Watson Industrial Park, located in the West San Bernardino city of Chino, totaling over 1.4M sf of speculative space. As of the second quarter of 2018, vacancy decreased to 4.7%, down nine basis points from the previous quarter, and dipping below 5% for the third time post-recession. Vacancy is within a tight range that has been typical for the last four years. Competitive vacancy levels have been sustainable in the market in-spite of the addition of new inventory which has ramped-up over the past two years. The industrial market recorded positive total net absorption of 8.4M sf for the quarter, and positive 23.7M sf for the most recent 12 month period. Rental rates for the entire market on average have reached $0.63 psf FSG, increasing from $0.59 psf FSG quarter-overquarter, and up significantly from $0.51 psf FSG at the same time in the previous year. The Inland Empire s unemployment rate, as of June 2018, was 4.7%, up from the previous quarter, but down from 5.3% one year earlier. Within the market, unemployment was 4.8% in Riverside County and 4.6% in San Bernardino County. Construction employment led the way in gains, along with transportation and warehouse jobs. Meanwhile, hospitality, education, healthcare and government sector employment are expanding as a result of population growth COUNTY CENTER DRIVE TEMECULA CALIFORNIA

13 TEMECULA VALLEY MARKET OVERVIEW Temecula Valley Industial Market 14,739,168 SF in 622 buildings Vacancy Rate (Percent) The Temecula Valley market is comprised of approximately 14,739,168 square feet in 622 buildings, with a current vacancy rate of 1.9%. The Temecula Valley Industrial submarket is one of the strongest in the Inland Empire market. Vacancy Rate 1.9% Q Q Q Q Vacancy Rate (Percent) 2017 Q Q Q Q2 Temecula - 100,000+ SF Industial Market 5,395,194 SF in 24 buildings Vacancy Rate 1.4% The City of Temecula can be further broken down by the core competitive set of properties over 100,000 square feet. The subgroup now contains 24 buildings totaling 5,395,194 square feet with a vacancy of 1.4% after the recent new construction of a 140,000+ SF building COUNTY CENTER DRIVE TEMECULA CALIFORNIA

14 Location Overview COUNTY CENTER DRIVE TEMECULA CALIFORNIA

15 Road Nutmeg Street LOCATION MAP 15 Adams Road California O aks Roa d Hancock Avenue Los Ala mos R oad 215 Wh itewood Roa d Pourroy Roa d CENTER Jefferson Avenue Murrieta Hot Springs Road Winchester Road Nicholas Road 15 Ynez Road La Serena Way Anza Road Diaz Road Margarita Ro ad Rancho California Road Meadows Parkway Paub a Road Butterfield Stage DePortola Road Temecula Parkway 15 Vail Ranch Parkway COUNTY CENTER DRIVE TEMECULA CALIFORNIA P

16 SURROUNDING AREA Promenade Regional Mall Starbucks, Trader Joe s, Chick-fil-A, Costco, Williams-Sonoma, Coach & 40+ others YNEZ ROAD CENTER WINCHESTER ROAD COUNTY CENTER DRIVE COUNTY CENTER DRIVE TEMECULA CALIFORNIA

17 SURROUNDING AREA - PROMENADE MALL REGION COUNTY CENTER DRIVE TEMECULA CALIFORNIA

18 AREA OVERVIEW - RIVERSIDE COUNTY Riverside County is one of the fastest growing counties in the United States, leading the rapidly changing Inland Empires market, with rivers, mountain peaks, deserts and fertile valleys, Riverside County offers diversity that few locations can match. More than two million people live in Riverside County, making it the fourth most populous county in California, taking advantage of affordable housing, nearby beaches, mountains, hiking and bike trails, the Wine Country near Temecula and resorts that offer oases in the desert. Riverside Country covers 7,208 square miles on Southern California. Together, Riverside and San Bernardino Counties have been dubbed the Inland Empire. California s fourth largest county by population is expanding its economy, working to diversify beyond the housing industry that has driven the region s economy for years. Centrally located in the heart of Southern California, Riverside County boarders San Bernardino, Orange and San Diego Counties. Interstate 10 runs thought the entire County from east to west, and Interstate 15 and 215 connect Riverside County with San Diego County and San Bernardino County. Highway 60 and 91 link Riverside County to Los Angeles and Orange Counties. Attractive to many businesses, rail service connects Riverside County businesses with important markets, ports of entry and key airports to expedite major national and international commerce transactions. Metrolink accomodates a large number of commuters from Riverside to Los Angeles, Orange and San Bernardino Counties. In addition, Riverside County is presently served by 3 airports including the rapidly expanding Ontario International Airport, Palm Springs International Airport and San Bernardino International Airport. Demographics HIGH SCHOOL DEGREE OR HIGHER 81% POPULATION 2,424,790 EDUCATION GRADUATE DEGREE OR HIGHER 22% MEDIAN HOUSEHOLD INCOME TOTAL EMPLOYEES 655,845 $63,842 BUSINESS TOTAL BUSINESSES 59, COUNTY CENTER DRIVE TEMECULA CALIFORNIA

19 AREA OVERVIEW - TEMECULA Temecula is a place of rolling vineyards, historic traditions and modern conveniences combined to offer entertainment for people of all ages. Covering 30,169 square miles, Temecula is centrally located along the I-15 and I-215 freeway corridor in Southwest California, just north of the San Diego county line. Branded as Southern California Wine Country, Temecula has award winning schools, higher educational opportunities, vast array of parks and trails, diverse shopping and dining options and beautiful residential communities. With its beautiful wine country, charming Old Town and four-diamond Pechanga Resort & Casino, Temecula remains a premier city within Southwest Riverside County. With a population of more than 100,000, this city continues to build on its success; it attracts those who demand a high quality of life. Over the past two decades, the City of Temecula has evolved into a innovative, dynamic City and a regional economic center for Southwest Riverside County, all while retaining its small town feel and character. Many families began to move to the area from San Diego and Orange County drawn by the affordable housing prices and the popular wine country. Temecula is an affluent community. Supported by high median and mean income levels as well as the city s favorable tourist and resort industries, the city is a prominent tourist destination. Temecula remains the ideal city for relocating, expanding and developing a new project in Southern California. Located in the heart of Temecula, Old Town Temecula blends historic 1880 s buildings with over 640 antique dealers, unique shopping and restaurants. Old Town Temecula is the site of many special events including car shows, semi-annual Road Runs, Western Days and summer weekend entertainment and also home to the Temecula Museum which features exhibits about the local band of Native Americans and the local natural history and city development. The Temecula Valley boasts 153 holes at eight golf courses, including seven championship courses. The well-bunkered Oaks at Temecula Creek Inn is known for its treelined beauty and playability, while Pechanga s Journey will take your breath away on the sixth hole, where the intimidating 175-yard drop may make your knees quiver during your tee shot COUNTY CENTER DRIVE TEMECULA CALIFORNIA

20 AREA OVERVIEW - TEMECULA Demographics Top Employers POPULATION MEDIAN HOUSEHOLD INCOME TEMECULA VALLEY UNIFIED 3,050 Employees 2,000 Employees 112,795 $88,559 EDUCATION BUSINESS 900 Employees 697 Employees HIGH SCHOOL DEGREE OR HIGHER 92% GRADUATE DEGREE OR HIGHER 34% TOTAL EMPLOYEES 48,077 TOTAL BUSINESSES 4, Employees 600 Employees 408 Employees 404 Employees EMD MILLIPORE 375 Employees 353 Employees COUNTY CENTER DRIVE TEMECULA CALIFORNIA

21 Sale and Leasing Advisors: STAN NOWAK, Principal CalBRE# CODY LERNER, Senior Associate CalBRE# Avison Young 4655 Executive Drive Suite 325 San Diego, CA avisonyoung.com Avison Young. All rights reserved. The information provded herein was obtained from sources deemed reliable and is believed to be true. It has not been verified, and as such, cannot be warranted nor form any part of any future contract.