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Off Market
1/28

24881 Highway 74
Perris, CA 92570


HIGHLIGHTS

  • Fully approved for many cannabis uses including indoor cultivation, volatile and non-volatile manufacturing, distribution, and testing.
  • Over 423,000 residents in a 10-mile radius with an average annual household income of more than $93,000.
  • Excellent visibility along Highway 74, between major routes I-15 and I-215.
  • Potential to have competition limited pending California bill on industrial developments in the Inland Empire.
  • Less than an hour's drive to Anaheim, Riverside, and San Bernardino.

OVERVIEW

Re/Max Liberty is pleased to bring to market the rare and unique opportunity to acquire a freestanding warehouse building with retail storefront featuring prime exposure along Highway 74 in Perris, California. The 7,500-square-foot warehouse building and 750-square-foot retail storefront sit on a 1.97-acre lot zoned light industrial. The property is positioned prominently on Highway 74, between I-15 and I-215. The I-15 and I-215 connect San Diego to Los Angeles, and I-15 extends northwest connecting Los Angeles to Las Vegas. The property is located in a general industrial zone and has been fully approved for industrial, distribution, indoor cannabis cultivation, cannabis manufacturing (volatile or non-volatile), cannabis distribution, and cannabis testing with proper permitting. Additionally, there is an extra, buildable half-acre behind the warehouse building. The storefront building features an 800-amp electrical system and fire suppression system with sprinklers. The warehouse is highlighted by its 25-foot clear height and R19 insulation, making the building quite energy efficient. Also included in the warehouse is a 1,000-gallon oil separator and floor sinks. The property is also prepared for cold storage uses if desired. The perimeter of the property is completely lined with fencing, adding an extra sense of security of a new investor or owner/user. The property is only a 5-minute drive to Downtown Perris, and less than a 15-minute drive to nearby towns of Lake Elsinore, Menifee, and Sun City. More heavily populated and notable California cities are easily accessible to and from the property, with Anaheim, Riverside, and San Bernardino all located within an hour's drive. Los Angeles and San Diego are both just over an hour away. With new California bills advancing regarding warehouse development in the Inland Empire, this property could prove to be a tremendous investment as warehouse development sites in the region will be limited. If the new bill passes, developers would be required to build at least 1,000 feet from houses, apartments, and other residential use properties in Riverside and San Bernardino Counties. The Inland Empire region of Southern California has one of the most dense concentrations of logistics and warehouse facilities in the U.S. Property tours are available by appointment only. Please contact the broker to schedule a tour.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Industrial Asset on 1.97 Acres in Green Zone

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

25 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

75

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

342-120-054