41670 Reagan Way 21,462 SF Industrial Building Murrieta, CA 92562 $5,225,000 ($243.45/SF)

Lee & Associates has been chosen as the exclusive advisor in the sale of 41670 Reagan Way, a ±21,462 SF freestanding single-tenant industrial building in Murrieta, California. Located in one of the safest and fastest-growing cities in Southern California, the subject property is 100% occupied by DAIKIN, a worldwide leader in air conditioning and HVAC solutions. With the current lease nearing expiration, this property offers a rare opportunity for either an owner-user seeking occupancy or an investor looking to re-negotiate a long-term lease at market rental rates. This well-maintained asset is located in Murrieta’s Cherry Street Industrial Park—an area known for its convenience, accessibility, and quality. The property offers excellent access, with immediate connection to the I-15 via French Valley Parkway and is a new ASC Silicone Roof System has been installed. 41670 Reagan Way presents a compelling opportunity for both owner-users and investors alike.
Built in 2000 using concrete tilt-up construction, the building features a clear height of ±22'–24', 800 amps of 277/480V 3-phase power (to be verified), and a secured, fenced storage yard. Loading capabilities include one interior truck well and three grade-level doors measuring 12' x 14'. The building has 37 parking spaces, skylights, and a new Roof System is currently being constructed. Fire protection is supported by a .33/3,000 SF sprinkler system. The interior offers a functional layout with 1,300 square feet of office space on the first floor and an additional 750 square feet on the second floor, which includes a training or break room with balcony access. The property is zoned Business Park (BP) by the City of Murrieta (verification recommended) and is identified by APN 909-380-004.
Currently, the building is 100% leased to Daikin, a global HVAC and air conditioning leader, with a lease expiring on January 31, 2026. The NNN lease generates an in-place net operating income (NOI) of $220,080 at a rental rate of $0.85 per square foot—approximately 40% below market. There are no renewal options, offering an attractive opportunity for either owner-user occupancy or an investor seeking to re-lease at market rates. Strategically located with immediate access to I-15 via French Valley Parkway, the property benefits from excellent regional connectivity in a well-established industrial hub.