40516 Murrieta Hot Springs Rd - Freestanding FOR SALE


Murrieta, CA 92563
$5,400,000 USD
310-966-4352
40516 Murrieta Hot Springs Rd, Murrieta, CA for Sale
$5,400,000 USD
Freestanding - FOR SALE
1/17
null | 6.21% Cap Rate

40516 Murrieta Hot Springs Rd
Murrieta, CA 92563


HIGHLIGHTS

  • IDEAL INVESTOR OR 1031-EXCHANGE PROPERTY
  • RENTAL INCREASES & RENEWAL OPTION
  • RETAIL HOT SPOT
  • STRONG SHADOW ANCHOR
  • HIGH VISIBILITY SIGNAGE, HIGH TRAFFIC LOCATION
  • AFFLUENT DEMOGRAPHICS

OVERVIEW

VonBerge CRE and WESTMAC Commercial Brokerage Company are pleased to present the opportunity to purchase 40516 Murrieta Hot Springs Road, a two-unit 24,647 square foot retail building on 108,900 square feet of land prominently located along I-215 within the Murrieta Plaza in the City of Murrieta, Riverside County, California. This is an attractive investment that provides potential purchasers with a secure and stable cash flow. 40516 Murrieta Hot Springs Road is leased to Harbor Freight Tools and Sola Salon Studios. There are approximately four (4) and three (3) years left on the original leases. Harbor Freight occupies 16,948 SF or approximately 71.2% of the property and has four (4) years left on their original term, which expires in 2028. They have six (6) x Five (5) Year Options to Extend with 10% increases at the start of each option period. Sola occupies 7,699 SF or 28.8% of the property and has three (3) years left on their original term, which expires in 2027. They have four (4) x Five (5) Year Options to Extend with 2.5% annual increases that includes option periods.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

6.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg B

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

RC

APN/PARCEL ID

916-380-037

ASK ABOUT THIS PROPERTY

T.C. Macker, CCIMLA Realty PartnersMore Info
310-966-4352

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T.C. Macker, CCIMLA Realty PartnersMore Info
310-966-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.