TEMECULA // CALIFORNIA // 92590 · TEMECULA VALLEY MARKET OVERVIEW Temecula Valley Industial Market...

TEMECULA // CALIFORNIA // 92590

60,000 SQUARE FOOT INDUSTRIAL BUILDINGFOR SALE

1 | 41995 REMINGTON AVENUE | TEMECULA | CALIFORNIA | 92590

Contact Information:

STAN NOWAK, [email protected]# 01461162

Avison Young | 4655 Executive Drive, Suite 325 | San Diego, CA 92121858.201.7070 | avisonyoung.com

©Avison Young. All rights reserved. The information provded herein was obtained

from sources deemed reliable and is believed to be true. It has not been verifited,

and as such, cannot be warranted nor form any part of any future contract.

CODY LERNER, [email protected]# 01994966

01Property Overview

02Market Overview

03Area Overview

2 | 41995 REMINGTON AVENUE | TEMECULA | CALIFORNIA | 925902 | 41995 REMINGTON AVENUE | TEMECULA | CALIFORNIA | 92590


Property Overview01

PROPERTY DESCRIPTION

OVERVIEW:

Excellent Southwest Riverside County location in an explosive industrial development area central to Orange, San Diego, Riverside and San Bernardino Counties.

This 60,000 plus square foot corporate image industrial manufacturing/distribution building boasts multi-story office, an expansive warehouse with above average electrical power supply, energy efficient lighting plus skylights, multiple dock high positions and grade level loading.

Located approximately 1.25 miles from Interstate 15 at the Winchester Road exit.

• A class “A” corporate image 60,000 square foot industrial building available for purchase

• 5,000 SF of two-stor25y office includes: • First Floor: Reception, three offices, large employee break room,

two restrooms totaling approximately 1,800 square feet• Second Floor: Executive offices, conference room, two

offices, work room, two restrooms and cubicle space totaling approximately 3,100 sf

• Additional 3,000sf of concrete deck mezzanine for additional office build-out, production or addition storage area

• 52,000 sf of high-volume warehouse with wide column spacing

• Heavy power for manufacturing: 2,000 amps / 277/480 volt, 3 Phase

• Multiple dock-high and grade level loading positions with excellent circulation to accommodate 48’ - 53’ trailer lengths


PROPERTY DETAILS

REMINGTON AVENUEREMINGTON AVENUE

DIAZ ROAD

DIAZ ROAD

Address: 41995 Remington Avenue, Temecula, CA 92591

APN: 909-373-001

Building Size: 60,000 SF

Land Size 1.38 Acres

Year Built: 2006

Construction: Concrete Tilt-up

Column Spacing: 48’ x 48’

Clear Height: 28’

Drive Ins: 2

Dock High Doors: 4

Parking Spaces: 150


SITE PLAN

NAP

NAP

REMINGTON AVENUE

DIA

Z R

OA

D


BREAKROOM11’-6” x 28’-0”

OFFICE8’-0” x 9’-10”

OFFICE8’-6” x 9’-0”

CONF8’-0” x 9’-10”

LOBBY21’-9” x 17’-3”

WOMENMEN

RRGL

GL

DH

DH

DH

DH

ELECTRICAL ROOM

FIRST FLOOR


SECOND FLOOR

Open to Below

STORAGE85’-8” x 35’-9”

PRES. OFFICE24’-8” x 22’-0”

OFFICE12’-0” x 10’-0”

OFFICE13’-0” x 9’-7”

CONF.15’-0” x 24’-10”

COFFEE/COPY

7’-6” x 6’-0”

COMP.9’-4” x 6’-0”

WOMENMEN

(11) 6’ X 8’ CUBES


PARCEL MAP



Market Overview02

INLAND EMPIRE

5.3%Unemployment

Rate

-66K sfNet aborbption

5.4%Total Vacancy

Rate

$0.49 PSFAsking Rental Rate Weighted Average

Source: Avison Young: First Quarter 2017 Indusrial Market Report

The Inland Empire industrial market is performing at optimal levels with a healthy economy at the start of the New Year of 2017. Vacancy has remained consistent at tight levels which have been mostly flat, year-over-year for the fourth year in a row. Reliable leasing demand has allowed rental rate pricing to move higher year-over year at a modest pace. The counties of Riverside and San Bernardino, which make up the Inland Empire market, are experiencing strong economic fundamentals, and rapid growth in population and quality inventory. These factors are driving heightened developer interest and elevated investor appetite.

The Inland Empire is a powerhouse of industrial inventory that supports the demands of the entire Southern California region. Construction activity resumed rapidly post-recession and has met pre-recession levels with fervor. As of the first quarter of 2017, vacancy in the Inland Empire’s industrial market increased to 5.4%, up from the previous quarter at 4.7%, yet up only slightly from the same time in the previous year at 5.2%. On a year-over-year basis, vacancy has been hovering around flat levels, with a slight trend toward contraction. Competitive vacancy levels have been sustainable in the market in spite of the consistent addition of new inventory.

Rental rates for the entire market on average have reached $0.49 psf NNN as of the first quarter of 2017, a slim increase over the previous quarter, and a more significant increase seen from $0.46 psf NNN at the same time in the previous year.

The Inland Empire industrial market recorded a total net absorption of negative 66,016 sf for the quarter, and positive 18,831,228 sf for the most recent 12 month period. The market had 115 industrial projects under construction at the first quarter of the year, amounting to 26,798,599 sf of new inventory that is expected to be delivered in 2017 and 2018.

The Inland Empire’s unemployment rate, as of the first quarter of the year, dropped to 5.3%, down from 5.9% one year earlier. Within the market, unemployment was 5.5% in Riverside County and 5.2% in San Bernardino County.


TEMECULA VALLEY MARKET OVERVIEW

Temecula Valley Industial Market

14,774,549 SFin

621 buildingsVacancy Rate

1.8% 1.0

1.5

2.0

2.5Vacancy Rate (Percent)

2017 Q12016 Q42016 Q32016 Q2

The Temecula Valley market is comprised of approximately 14,774,549 square feet in 621 buildings, with a current vacancy rate of 1.8%. The Temecula Valley Industrial submarket is one of the strongest in the Inland Empire market.

The City of Temecula can be further broken down by the core competitive set of properties between 30,000 - 100,000 square feet. The subgroup contains 40 buildings totaling 1,885,293 square feet with a vacancy of 1.1%. The low vacancy rate has helped to drive lease rates within the last year.

Temecula - 30,000 - 100,000 SF

Industial Market

1,885,293 SFin

40 buildingsVacancy Rate

1.1%0.0

0.5

1.0

1.5Vacancy Rate (Percent)

2017 Q12016 Q42016 Q32016 Q2



Area Overview03

15

15

15

215

Win

ches

ter R

oad

Diaz Road

Ynez Road DePortola Road

Murrieta Hot Springs Road Butter�eld Stage Road

Nutmeg Street

Los Alam

os Road

Hancock Avenue

Calif

orni

a Oak

s Roa d

Paub a Road

La Ser

ena Way

Meadows Parkw

ay

Nicholas Road

Wh itewood Roa

d

Adams Road

Je�erson Avenue

Pourroy Road

Temecula Parkway

Pechanga Parkway

Vail R

anch Parkway

Anza Road

Rancho California Road

M

argarita Ro ad

MURRIETA

TEMECULA

SantaMargaritaEcologicalReserve

LOCATION MAP


WINCHESTER ROAD

DIAZ ROAD

MARGARITA ROAD

YNEZ ROAD

RANCHO CALIFORNIA ROAD

JEFFERSON AVENUE

Promenade Regional MallStarbucks, Trader Joe’s, Chick-fil-A, Costco,

Williams-Sonoma, Coach & 40+ others

Temecula Town Center / Tower PlazaTarget, Black Angus Steakhouse, CVS,

Chili’s, Subway & 10+ others

Old Town TemeculaStarbucks, Blackbird Tavern, Baily’s,

Crush & Brew & 20+ others

SURROUNDING AREA


Promenade Regional Mall•

Old Town Temecula Temecula Town Center / Tower Plaza

SURROUNDING AREA Minutes from Regional Destinations

R

Recreate PMS

Choose from Nearly 100 Retail, Dining & Entertainment Options

within 15 minutes of the Property


AREA OVERVIEW - TEMECULA

Temecula is a place of rolling vineyards, historic traditions and modern conveniences combined to offer entertainment for people of all ages. Covering 30,169 square miles, Temecula is centrally located along the I-15 and I-215 freeway corridor in Southwest California, just north of the San Diego county line. Branded as Southern California Wine Country, Temecula has award winning schools, higher educational opportunities, vast array of parks and trails, diverse shopping and dining options and beautiful residential communities. With its beautiful wine country, charming Old Town and four-diamond Pechanga Resort & Casino, Temecula remains a premier city within Southwest Riverside County. With a population of more than 100,000, this city continues to build on its success; it attracts those who demand a high quality of life.

Over the past two decades, the City of Temecula has evolved into a innovative, dynamic City and a regional economic center for Southwest Riverside County, all while retaining its small town feel and character. Many families began to move to the area from San Diego and Orange County drawn by the affordable housing prices and the popular wine country. Temecula is an affluent community. Supported by high median and mean income levels as well as the city’s favorable tourist and resort industries, the city is a prominent tourist destination. Temecula remains the ideal city for relocating, expanding and developing a new project in Southern California.

Located in the heart of Temecula, Old Town Temecula blends historic 1880’s buildings with over 640 antique dealers, unique shopping and restaurants. Old Town Temecula is the site of many special events including car shows, semi-annual Road Runs, Western Days and summer weekend entertainment and also home to the Temecula Museum which features exhibits about the local band of Native Americans and the local natural history and city development.

The Temecula Valley boasts 153 holes at eight golf courses, including seven championship courses. The well-bunkered Oaks at Temecula Creek Inn is known for its tree-lined beauty and playability, while Pechanga’s Journey will take your breath away on the sixth hole, where the intimidating 175-yard drop may make your knees quiver during your tee shot.

Temecula has a perfect climate for serene and beautiful hot-air ballooning adventures and award-winning wineries nestled in 3,000 acres of picturesque wine country but that’s just the beginning. The community’s mix of entertaining activities and friendly residents makes visitors want to return again and again.

The Pechanga Band of Luiseno Indians built the current Pechanga Resort and Casino complex in 2001 and began a $285 expansion project in 2016. Linked together in an architectural design that subtly highlights the tribe’s Luiseno culture, the facility includes a vast 188,000 square foot gaming floor, that makes Pechanga the biggest casino in California. Designed with player comfort in mind, the casino is equipped with a state-of-the-art filtration system and offers extensive non-smoking areas. Pechanga Resort and Casino is Temecula Valley’s largest employer, with over 4,000 people employed.


AREA OVERVIEW - TEMECULA

TEMECULA DEMOGRAPHICS

Census 2010 Summary

Population: 100,107

Household: 31,7840

Median Age: 33.4

Census 2017 Summary

Population: 110,802

Household: 35,004

Median Age: 34.5

Median Household Income: $84,322

Average Household Income: $101,330

Census 2022 Summary

Population: 118,834

Household: 37,345

Median Age: 35.0



Trends: 2017 - 2022 Annual Rate

Population: 1.41%

Household: 1.30%

Median Household Income: 1.95%

VALLEY UNIFIE

D

TEMECULA

EMD

MIL

LIPO

RE

2,961 Employees

2,000Employees

900 Employees

650 Employees

600 Employees

585 Employees

420 Employees

400 Employees

376 Employees

330 Employees

Temecula Top Employers


AREA OVERVIEW - RIVERSIDE COUNTY

Riverside County is one of the fastest growing counties in the United States, leading the rapidly changing Inland Empires market, with rivers, mountain peaks, deserts and fertile valleys, Riverside County offers diversity that few locations can match. More than two million people live in Riverside County, making it the fourth most populous county in California, taking advantage of affordable housing, nearby beaches, mountains, hiking and bike trails, the Wine Country near Temecula and resorts that offer oases in the desert. Riverside Country covers 7,208 square miles on Southern California. Together, Riverside and San Bernardino Counties have been dubbed the Inland Empire.California’s fourth largest county by population is expanding its economy, working to diversify beyond the housing industry that has driven the region’s economy for years.Centrally located in the heart of Southern California, Riverside County boarders San Bernardino, Orange and San Diego Counties. Interstate 10 runs thought the entire County from east to west, and Interstate 15 and 215 connect Riverside County with San Diego County and San Bernardino County. Highway 60 and 91 link Riverside County to Los Angeles and Orange Counties. Attractive to many businesses, rail service connects Riverside County businesses with important markets, ports of entry and key airports to expedite major national and international commerce transactions. Metrolink accomodates a large number of commuters from Riverside to Los Angeles, Orange and San Bernardino Counties. In addition, Riverside County is presently served by 3 airports including the rapidly expanding Ontario International Airport, Palm Springs International Airport and San Bernardino International Airport.

Census 2010 Summary

Population: 2,189,641

Household: 686,260

Median Age: 33.7

Census 2017 Summary


Household: 741,071

Median Age: 34.6



Census 2022 Summary


Household: 583,386

Median Age: 35.3



Trends: 2017 - 2022 Annual Rate

Population: 1.25%

Household: 1.16%

Median Household Income: 1.91%

RIVERSIDE DEMOGRAPHICS


Contact Information:

STAN NOWAK, [email protected]# 01461162

Avison Young | 4655 Executive Drive, Suite 325 | San Diego, CA 92121858.201.7070 | avisonyoung.com

©Avison Young. All rights reserved. The information provded herein was obtained

from sources deemed reliable and is believed to be true. It has not been verifited,

and as such, cannot be warranted nor form any part of any future contract.

CODY LERNER, [email protected]# 01994966

TEMECULA // CALIFORNIA // 92590 · TEMECULA VALLEY MARKET OVERVIEW Temecula Valley Industial Market...

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