distribution center - loopnet...address: 40761 county center drive, temecula, ca 92591 apn:...

HIGHLANDSDIST R I BUT OI N

CENTER

±102,320 SF // FOR SALE OR LEASE

40761 COUNTY CENTER DRIVE // TEMECULA // CALIFORNIA // 92591

Sale and Leasing Advisors:

STAN NOWAK, [email protected]# 01461162

Avison Young | 4655 Executive Drive, Suite 325 | San Diego, CA 92121858.201.7070 | 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.

CODY LERNER, Senior [email protected]# 01994966


CENTER

40761 COUNTY CENTER DRIVE TEMECULA | CALIFORNIA | 92591 3

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 build-out, 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 sizes of 25,840, 27,574, 48,906

• 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

CURRENTLY OCCUPIED BY WAL-MART STORES EAST, LP. CONTACT SALE/LEASING ADVISOR FOR DETAILS.


Address: 40761 County Center Drive, Temecula, CA 92591

APN: 910-110-039

Building Size: 102,320 SF

Land Size 4.97 acres

Year Built: 1998

Construction: Concrete Tilt-up

Column Spacing: 48’ x 48’

Clear Height: 28’

Drive Ins: 4

Dock High Doors: 16

Parking Spaces: 119

PROPERTY DETAILS


PHOTOS


SITE PLAN

10’ x 11’ROLL-UP





















FUTURE OFFICE

FUTURE OFFICE

fUTURE TOILETS

STORAGE

STORAGE

MEN

WOMEN

BREAK ROOM

OFFICE

FIRE SPRINKLER RISER

ROOM

ELECTRICAL ROOM

MEN

WOMEN

ROLL-UP PASS THROUGH


16’ X 16’ ROLL-UP3-HOUR FIRE RATED

FUTURE OFFICE


COU

NTY CEN

TER DRIVE


FLOOR PLAN






















FUTURE OFFICE

FUTURE OFFICE

fUTURE TOILETS

STORAGE

STORAGE

MEN

WOMEN

BREAK ROOM

OFFICE

FIRE SPRINKLER RISER ROOM

ELECTRICAL ROOM

MEN

WOMEN




FUTURE OFFICE


REMOVABLE DEMISING WALL

27,574 SF 25,840 SF 48,906 SF


PARCEL MAP


INLAND EMPIRE

4.1%Unemployment

Rate

1.84m sfNet aborbption5.6%

Total Vacancy Rate

$0.58 PSFAsking Rental Rate Weighted Average

The Inland Empire industrial market continues to perform at optimal levels with a healthy economy as of the fourth quarter of 2017. Vacancy remains tight, while expanding slightly again from the previous quarter. Reliable leasing demand has allowed rental rates 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. The market had 96 industrial projects under construction at the fourth quarter of the year, amounting to 20,425,563 sf of new inventory that is expected to be delivered in 2018.

The Inland Empire industrial market recorded a total net absorption of positive 1.8M sf for the quarter, and positive 14.7M sf for the most recent 12 month period. Rental rates for the entire market on average have reached $0.58 psf FSG as of the fourth quarter of 2017, relatively flat from the previous quarter, with a significant increase seen from $0.48 psf FSG at the same time in the previous year.

As of the fourth quarter of 2017, vacancy in the Inland Empire’s industrial market expanded to 5.6%, up one basis point from the previous year, yet still within the tight range that has been typical for the last four years. 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 which increased during 2017.

The Inland Empire’s unemployment rate, as of September 2017, was 4.1%, down from 5.1% one year earlier. Within the market, unemployment was 4.3% in Riverside County and 3.9% in San Bernardino County.


TEMECULA VALLEY MARKET OVERVIEW

Temecula Valley Industial Market

14,517,320 SFin

620 buildingsVacancy Rate

1.7% 1.5

2.0

2.5

3.0Vacancy Rate (Percent)

2018 Q12017 Q42017 Q32017 Q2

The Temecula Valley market is comprised of approximately 14,517,320 square feet in 620 buildings, with a current vacancy rate of 1.7%. The Temecula Valley Industrial submarket is one of the strongest in the Inland Empire market.

The City of Temecula can be further broken down by the core competitive set of properties over 100,000 square feet. The subgroup contains 23 buildings totaling 5,251,505 square feet with a vacancy of 0.5%.

0

1

2

3

4Vacancy Rate (Percent)

2018 Q12017 Q42017 Q32017 Q2

Temecula - 100,000+ SF Industial Market

5,251,505 SFin

23 buildingsVacancy Rate

0.5%


15

15

15

215

Win

ches

ter R

oad

Diaz Road

Ynez Road DePortola Road

Murrieta Hot Springs Road Butter�eld Stage Road

Nutmeg Street

Los Alam

os Road

Hancock Avenue

Calif

orni

a Oak

s Roa d

Paub a Road

La Ser

ena Way

Meadows Parkw

ay

Nicholas Road

Wh itewood Roa

d

Adams Road

Je�erson Avenue

Pourroy Road

Temecula Parkway

Pechanga Parkway

Vail R

anch Parkway

Anza Road

Rancho California Road

Margarita Ro ad

MURRIETA

TEMECULA

SantaMargaritaEcologicalReserve


CENTER

LOCATION MAP


Promenade Regional MallStarbucks, Trader Joe’s, Chick-fil-A, Costco,

Williams-Sonoma, Coach & 40+ others


CENTER

YNEZ ROAD

WINCHESTER ROAD

COUNTY CENTER DRIVE

SURROUNDING AREA


SURROUNDING AREA - PROMENADE MALL REGION


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.

AREA OVERVIEW - RIVERSIDE COUNTY

Census 2010 Summary

Population: 2,189,641

Household: 686,260

Median Age: 33.7

Census 2017 Summary


Household: 741,071

Median Age: 34.6

Median Household Income: $60,180

Average Household Income: $83,526

Census 2022 Summary


Household: 583,386

Median Age: 35.3



Trends: 2017 - 2022 Annual Rate

Population: 1.25%

Household: 1.16%

Median Household Income: 1.91%

RIVERSIDE DEMOGRAPHICS

Source: Esri August 2017


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 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 2016. 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.


AREA OVERVIEW - TEMECULA

TEMECULA DEMOGRAPHICS

Census 2010 Summary

Population: 100,107

Household: 31,7840

Median Age: 33.4

Census 2017 Summary

Population: 110,802

Household: 35,004

Median Age: 34.5



Census 2022 Summary

Population: 118,834

Household: 37,345

Median Age: 35.0



Trends: 2017 - 2022 Annual Rate

Population: 1.41%

Household: 1.30%

Median Household Income: 1.95%

VALLEY UNIFIE

D

TEMECULA

EMD

MIL

LIPO

RE

2,961 Employees

2,000Employees

900 Employees

650 Employees

600 Employees

585 Employees

420 Employees

400 Employees

376 Employees

330 Employees

Temecula Top Employers

Source: Esri August 2017


Sale and Leasing Advisors:

STAN NOWAK, [email protected]# 01461162

Avison Young4655 Executive DriveSuite 325 San Diego, CA 92121858.201.7070 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.

CODY LERNER, Senior [email protected]# 01994966


CENTER

distribution center - loopnet...address: 40761 county center drive, temecula, ca 92591 apn:...

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