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26035 Palomar Rd 32,000 SF 100% Leased Industrial Building Menifee, CA 92585 $5,760,000 ($180/SF) 6.83% Cap Rate
Investment Highlights
- Fully leased 32,000 SF industrial building on 2.02 acres.
- ±4,110 SF bonus mezzanine storage area included.
- Two-tenant configuration with staggered lease expirations.
- Six grade-level loading doors and large secured yard.
- 1,000 amps of 120/208V power with insulated roof and skylights.
- Convenient access to I-215 and California State Route 74.
Executive Summary
26035 Palomar Road presents a rare opportunity to acquire a fully leased 32,000 SF freestanding industrial building in the City of Menifee. Situated on 2.02 acres, this metal construction facility was built in 2004 and features six grade-level loading doors, ±4,110 SF of bonus mezzanine storage, and a large secured yard. The property is equipped with 1,000 amps of 120/208V power, insulated roofing, skylights, and fire sprinklers. Currently occupied by two tenants—American Medical Response and Metrea Aerospace—the building offers stable in-place income with staggered lease expirations, including one lease nearing expiration, creating an owner-user or investment opportunity. Located near major transportation routes, including I-215 and California State Route 74, the site provides excellent regional connectivity. Offered at $5,760,000 ($180 PSF), this asset combines strong functionality, secure tenancy, and long-term value in a growing Inland Empire submarket.
Property Facts
| Price | $5,760,000 | Lot Size | 0.86 AC |
| Price Per SF | $180 | Rentable Building Area | 32,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6.83% | Year Built | 2005 |
| Property Type | Industrial | Parking Ratio | 1.18/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 17’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 6 |
| Zoning | M-SC - Industrial | ||
| Price | $5,760,000 |
| Price Per SF | $180 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.83% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.86 AC |
| Rentable Building Area | 32,000 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Parking Ratio | 1.18/1,000 SF |
| Clear Ceiling Height | 17’ |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | M-SC - Industrial |
Amenities
- Fenced Lot
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,213,862 | |
| Land Assessment | $378,569 | Total Assessment | $1,592,431 |
Property Taxes
Parcel Numbers
Land Assessment
$378,569
Improvements Assessment
$1,213,862
Total Assessment
$1,592,431
Contacts
-
Connor Strode -
Michael Strode -
Gordon Mize -
Lee & Associates Commercial Real Estate Services
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26035 Palomar Rd
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