|
|
1/06/20
|
Kiwi II Construction paid $9.35 mil for a 102.3k sf ($91/sf), industrial distribution/warehouse building in Temecula. The property, located at 40761 County Center Dr, was sold by Hill Properties/Rustica-Hill Temecula LLC.
Built in 1988 and situated on nearly five acres, the well-maintained asset is located just one-mile from I-15 at the Winchester Rd exit. The asset is currently occupied by Walmart who renewed its lease for three years shortly after closing the deal.
The property features a newly refurbished office build-out, an expansive warehouse with above-average electrical power supply, a fenced lot, 161 skylights, excellent drive around access, 16 dock-high positions and four grade-level loading positions, and 120’ truck courts.
Stan Nowak and Cody Lerner with Avison Young represented both the buyer and the seller in the transaction.
“The Temecula industrial market continues to experience an increasing level of both investor and tenant activity as this area offers convenient freeway access as well as accessibility to San Diego and Orange Counties and other parts of the Inland Empire,” said Nowak. “Additionally, Temecula is a thriving residential market as it offers a high quality of life and more affordable housing options compared to neighboring areas. This creates an abundant labor base of people that are seeking to live close to their place of employment.”
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
