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6/24/26
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A three building, 68.1k sf multi tenant industrial park in Temecula sold for $13.5 mil ($198/sf). The industrial park, located at 40880, 40935 and 40945 County Center Dr, just north of the confluence of Winchester Rd and I-15, is 97.4% leased and has maintained occupancy above 95% for more than seven years.
The asset consists of three single story buildings across two separate parcels, providing flexibility for potential future sales of individual buildings. The park has a well balanced tenant mix with an average tenant size of approximately 3k sf and ample grade level parking. The property is within walking distance of the Temecula Promenade, which offers more than 1.1 msf of retail.
CBRE’s Matt Pourcho, Matt Harris and Anthony DeLorenzo represented the seller, South La Brea LLC, in the transaction. The buyer was Jewell Capital LLC.
“Investor demand for well leased, multi tenant industrial properties in Temecula remains strong due to the market’s low vacancy and long term growth fundamentals,” said Pourcho, Executive Vice President at CBRE. “This asset’s stable rent roll, below market rents and flexible parcel configuration made it especially attractive to buyers focused on durable income with future upside.”
Temecula continues to post some of the lowest industrial vacancy rates in Southern California, with a current multi tenant industrial vacancy rate of approximately 1.1%. The city’s population has grown significantly over the past decade and is projected to continue increasing through 2027, supporting long term industrial demand.
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