43350-43352 Business Park Dr
Temecula, CA 92590
43350-43352 Business Park · Industrial Property For Sale

NNN LEASED INDUSTRIAL - STABLE CASH FLOW WITH UPSIDE POTENTIAL * 100% NNN leased to two quality tenants; Global Product Resources, Inc. and QC Manufacturing, Inc. with in-place rent significantly below market. The project totals 91,697 square feet and is situated on 4.87 acres of land. * Staggered lease expiration dates (Jan. 2018 & Dec. 2022) provide investors with upside potential when QC Manufacturing Inc.' s lease rolls at approximately 18% below market. This will allow the investor to increase in-place yield by locking in a longer term lease, further securing the cash flow stream while receiving long-term stable cash flow from Global Product Resources. EXCEPTIONALLY STRONG MARKET FUNDAMENTALS IN SOUTHWEST RIVERSIDE * Southwest Riverside has an overall industrial vacancy rate of 2% and has seen approximately 600,000 SF of YTD leasing activity in the Temecula/Murrieta area. No new construction is coming online for another 12-15 months in the Temecula/Murrieta area, and all recently built buildings have been absorbed during construction, proving the strong demand in the submarket. * There is little risk of downtime exposure since there is currently a vacancy rate of less than 1% for buildings between 25,000 and 100,000 square feet. Additionally, there are 14 tenant requirements in the immediate market looking for space greater than 35,000 square feet totaling 1,150,000 square feet. * CBRE-EA predicts robust rental growth of 24.4% over the next 3 years in the greater Temecula/Murrieta market. These strong market fundamentals will push rents as the leases on the property roll over.