25,182 SQUARE FOOT INDUSTRIAL BUILDING FOR SALE
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1 TEMECULA // CALIFORNIA // REMINGTON AVENUE TEMECULA CALIFORNIA ,182 SQUARE FOOT INDUSTRIAL BUILDING FOR SALE
2 01 Property Overview 02 Market Overview 03 Area Overview Contact Information: STAN NOWAK, Principal CalBRE# CODY LERNER, 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 REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA TEMECULA CALIFORNIA CALIFORNIA
3 01 Property Overview REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
4 PROPERTY DESCRIPTION OVERVIEW: Excellent Southwest Riverside County location in an explosive industrial development area central to Orange, San Diego, Riverside and San Bernardino Counties. 25,182 sf facility conveniently located in Rancho California Business Park Located less than a mile from Interstate15 at the Rancho California Road exit Approx. 6,000 SF of two-story office, including reception, conference room, 10 offices, 4 restrooms, bullpen and large break room ±4,000 SF mezzanine area - storage/light production area Approx. 2.0/1,000 parking ratio 800 amps, 277/480 v, 3 Phase power Fully sprinklered (.33 gpm/3,000 sf ) Natural gas line available Two year old roof with warranty REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
5 PROPERTY DETAILS Address: Business Park Drive, Temecula, CA APN: Building Size: 25,182 SF Land Size 0.57 Acres BUSINESS PARK DRIVE BUSINESS PARK DRIVE Year Built: 1991 Construction: Concrete Tilt-up Clear Height: Drive Ins: 1 Dock High Doors: 1 RANCHO WAY Parking Ratio: 2.0 spaces / 1,000 square feet REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
6 FIRST FLOOR PLAN Dock Position Dock Position GL WAREHOUSE GL PARKING Office COVERED HVAC WAREHOUSE OR BULLPEN Break Room Reception RR Office Storage RR RR Storage PARKING NORTH Elec. Room Office *Floor plans may not represent current as built improvements and may not be to scale REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
7 SECOND FLOOR PLAN WAREHOUSE OPEN TO BELOW Office Office Office MEZZANINE Open to below Coffee Bar Office Office RR Office Office *Floor plans may not represent current as built improvements and may not be to scale REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
8 PARCEL MAP REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
9 02 Market Overview REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
10 INLAND EMPIRE 5.4% Total Vacancy Rate 5.3% Unemployment Rate -66K sf Net aborbption The Inland Empire industrial market is performing at optimal levels with a healthy economy at the start of the New Year of Vacancy has remained consistent at tight levels which have been mostly flat, year-over-year for the fourth year in a row. Reliable leasing demand has allowed rental rate pricing to move higher year-over year at a modest pace. 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. The Inland Empire is a powerhouse of industrial inventory that supports the demands of the entire Southern California region. Construction activity resumed rapidly post-recession and has met pre-recession levels with fervor. As of the first quarter of 2017, vacancy in the Inland Empire s industrial market increased to 5.4%, up from the previous quarter at 4.7%, yet up only slightly from the same time in the previous year at 5.2%. On a year-over-year basis, vacancy has been hovering around flat levels, with a slight trend toward contraction. Competitive vacancy levels have been sustainable in the market in spite of the consistent addition of new inventory. Rental rates for the entire market on average have reached $0.49 psf NNN as of the first quarter of 2017, a slim increase over the previous quarter, and a more significant increase seen from $0.46 psf NNN at the same time in the previous year. $0.49 PSF Asking Rental Rate Weighted Average Source: Avison Young: First Quarter 2017 Indusrial Market Report The Inland Empire industrial market recorded a total net absorption of negative 66,016 sf for the quarter, and positive 18,831,228 sf for the most recent 12 month period. The market had 115 industrial projects under construction at the first quarter of the year, amounting to 26,798,599 sf of new inventory that is expected to be delivered in 2017 and The Inland Empire s unemployment rate, as of the first quarter of the year, dropped to 5.3%, down from 5.9% one year earlier. Within the market, unemployment was 5.5% in Riverside County and 5.2% in San Bernardino County REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
11 TEMECULA VALLEY MARKET OVERVIEW Temecula Valley Industial Market 14,774,549 SF in 621 buildings Vacancy Rate (Percent) The Temecula Valley market is comprised of approximately 14,774,549 square feet in 621 buildings, with a current vacancy rate of 1.8%. The Temecula Valley Industrial submarket is one of the strongest in the Inland Empire market. Vacancy Rate 1.8% Vacancy Rate (Percent) 2016 Q Q Q Q Q Q Q4 Temecula - 10,000-30,000 SF Industial Market 2,740,655 SF in 164 buildings Vacancy Rate 0.6% REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA Q1 The City of Temecula can be further broken down by the core competitive set of properties between 10,000-30,000 square feet. The subgroup contains 164 buildings totaling 2,740,655 square feet with a vacancy of 0.6%. The low vacancy rate has helped to drive lease rates within the last year.
12 03 Area Overview REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
13 Road LOCATION MAP Nutmeg Street 15 Adams Road California O aks Roa d Hancock Avenue Los Ala mos R oad 215 Wh itewood Roa d MURRIETA Pourroy Roa d Murrieta Hot Springs Road Jefferson Avenue Winchester Road Nicholas Road 15 Ynez Road TEMECULA 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 Pechanga Parkway Santa Margarita Ecological Reserve REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
14 SURROUNDING AREA Promenade Regional Mall Starbucks, Trader Joe s, Chick-fil-A, Costco, Williams-Sonoma, Coach & 40+ others Temecula Town Center / Tower Plaza Target, Black Angus Steakhouse, CVS, Chili s, Subway & 10+ others Old Town Temecula Starbucks, Blackbird Tavern, Baily s, Crush & Brew & 20+ others WINCHESTER ROAD MARGARITA ROAD YNEZ ROAD JEFFERSON AVENUE DIAZ ROAD EBUSINESS PARK DRIV RANCHO CALIFORNIA ROAD REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
15 SURROUNDING AREA Promenade Regional Mall Minutes from Regional Destinations Old Town Temecula Temecula Town Center / Tower Plaza R REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA TEMECULA CALIFORNIA CALIFORNIA
16 AREA OVERVIEW - TEMECULA T emecula 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, semiannual 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 tree-lined 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. Temecula has a perfect climate for serene and beautiful hot-air ballooning adventures and award-winning wineries nestled in 3,000 acres of picturesque wine country but that s just the beginning. The community s mix of entertaining activities and friendly residents makes visitors want to return again and again. The Pechanga Band of Luiseno Indians built the current Pechanga Resort and Casino complex in 2001 and began a $285 expansion project in Linked together in an architectural design that subtly highlights the tribe s Luiseno culture, the facility includes a vast 188,000 square foot gaming floor, that makes Pechanga the biggest casino in California. Designed with player comfort in mind, the casino is equipped with a state-of-the-art filtration system and offers extensive non-smoking areas. Pechanga Resort and Casino is Temecula Valley s largest employer, with over 4,000 people employed REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
17 AREA OVERVIEW - TEMECULA Temecula Top Employers TEMECULA DEMOGRAPHICS Census 2010 Summary TEMECULA VALLEY UNIFIED 2,961 2,000 Population: 100,107 Household: 31,7840 Median Age: 33.4 Census 2017 Summary Population: 110,802 Household: 35,004 Median Age: 34.5 Median Household Income: $84, Average Household Income: $101,330 Census 2022 Summary Population: 118, Household: 37,345 Median Age: 35.0 Median Household Income: $92, EMD MILLIPORE 330 Average Household Income: $115,271 Trends: Annual Rate Population: 1.41% Household: 1.30% Median Household Income: 1.95% REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
18 AREA OVERVIEW - RIVERSIDE COUNTY RIVERSIDE DEMOGRAPHICS Census 2010 Summary Population: 2,189,641 Household: 686,260 Median Age: 33.7 Census 2017 Summary Population: 2,388,710 Household: 741,071 Median Age: 34.6 Median Household Income: $60,180 Average Household Income: $83,526 Census 2022 Summary Population: 2,542,192 Household: 583,386 Median Age: 35.3 Median Household Income: $66,148 Average Household Income: $94,665 Trends: Annual Rate Population: 1.25% Household: 1.16% Median Household Income: 1.91% 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 REMINGTON BUSINESS PARK AVENUE DRIVE TEMECULA CALIFORNIA 92590
19 Contact Information: STAN NOWAK, Principal CalBRE# CODY LERNER, Associate CalBRE# Avison Young 4655 Executive Drive, Suite 325 San Diego, CA avisonyoung.com 2018 Avison Young Commercial Southern California Ltd. All rights reserved. The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice. CalBRE License #
±102,320 SF // FOR SALE OR LEASE HIGHLANDS DIST RI BUT ION CENTER COUNTY CENTER DRIVE // TEMECULA // CALIFORNIA // 92591
±102,320 SF // FOR SALE OR LEASE HIGHLANDS DIST RI BUT ION CENTER 40761 COUNTY CENTER DRIVE // TEMECULA // CALIFORNIA // 92591 HIGHLANDS DIST RI BUT ION CENTER Sale and Leasing Advisors: STAN NOWAK, Principal
More information±102,320 SF // FOR SALE OR LEASE HIGHLANDS DIST RI BUT ION CENTER COUNTY CENTER DRIVE // TEMECULA // CALIFORNIA // 92591
±102,320 SF // FOR SALE OR LEASE HIGHLANDS DIST RI BUT ION CENTER 40761 COUNTY CENTER DRIVE // TEMECULA // CALIFORNIA // 92591 HIGHLANDS DIST RI BUT ION CENTER Sale and Leasing Advisors: STAN NOWAK, Principal
More information40761 COUNTY CENTER DRIVE // TEMECULA // CALIFORNIA // UP TO ±102,320 SF INDUSTRIAL BUILDING FOR LEASE OR SALE
40761 COUNTY CENTER DRIVE // TEMECULA // CALIFORNIA // 92591 UP TO ±102,320 SF INDUSTRIAL BUILDING FOR LEASE OR SALE Sale and Leasing Advisors: STAN NOWAK, Principal 951.267.2660 stan.nowak@avisonyoung.com
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