For More Information Contact:

Transcription

1 SKY CANYON CENTER ve Sky ri nd o y an C For More Information Contact: RICK MARCUS Vice President (760) rickm@cbcsocalgroup.com CalDRE # CYNDI LIGHT Senior Vice President (951) cyndil@cbcsocalgroup.com CalDRE # CalBRE # Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Each Officeis Independently Owned and Operated Except Offices Owned and Operated by NRT Incorporated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated. All information contained herein has been obtained from sources deemed reliable. However, no warranty or guarantee is made as to the accuracy of the information. CalDRE License #

2 TABLE OF CONTENTS SECTION I: SECTION II: PROPERTY OVERVIEW - PROPERTY DETAILS - SITE PLAN FINANCIALS - INVESTMENT SUMMARY SECTION III: LOCATION - NORTHBOUND AERIAL - SURROUNDING RETAIL AERIAL - LOCAL PROXIMITY MAP - DEMOGRAPHICS SECTION IV: MARKET OVERVIEW - COMPARABLE SALES

3 PROPERTY OVERVIEW

4 PROPERTY DETAILS ADDRESS: Sky Canyon Drive, Murrieta, CA PROPERTY TYPE: PROJECT SIZE: Office / Retail Building A - ±9,600 SF* Building B - ±11,760 SF* Building C - ±35,994 SF* (*Costar) ±57,354 SF Sky Canyon Drive APN S #: , LAND AREA: ±6.74 AC or YEAR BUILT: 2008 ZONING: CR (Commercial Retail) LIST PRICE: $12,000, $ per SF

5 SITE PLAN Building B Building C Sky Canyon Drive Building A

6 FINANCIALS

7 INVESTMENT SUMMARY OFFERING PRICE: $12,000, PRICE PER SQ. FT.: $ ESTIMATED CAP RATE: 4% 2019 PROJECTED NOI: $483,000 OCCUPANCY: 100% Sky Canyon Drive SQ. FT. (COSTAR) ±57,354 INVESTMENT HIGHLIGHTS 2008 Construction 100% Occupied Future upside potential Located close to the Intersection of I-15 and I-215

8 LOCATION

9 NORTH BOUND AERIAL SITE Murrieta Hot Springs Rd Sky Canyon Drive Winchester Road

10 SURROUNDING RETAIL AERIAL Winch ester R d French Valley Airport SITE Murrieta Hot Spri ngs Rd

11 LOCAL PROXIMITY MAP Clinton Keith Road 40 MILES TO CORONA Washington Avenue Nutmeg Road California Oaks Road Hancock Road Los Alamos Road 40 MILES TO RIVERSIDE Whitewood Road Murrieta French Valley Airport Sky Canyon Dr Auld Road Benton Road Pourroy Road Borel Road Adams Road Murrieta Hot Springs Road Diaz Road Jefferson Avenue Winchester Road Temecula Nicholas Road La Sarena Way Butterfi eld Stage Road Zevo Road Rio Nedo Road Business Park Drive Ynez Road Margarita Road Rancho California Road Pauba Road Pujol Street Temecula Parkway

12 DEMOGRAPHICS 1 Mile 3 Mile 5 Mile Population 2023 Projection 16, , , Estimate 15,537 94, , Census 14,603 82, ,811 Households 2023 Projection 5,250 30,493 68, Estimate 4,973 28,378 63, Census 4,768 25,239 55, Est. Population by Single-Classification Race White Alone 9,270 59, ,814 Black Alone 1,141 5,987 11,720 American Indian Alone ,704 Asian Alone 2,044 11,769 22,247 Pacific Islander Alone Some Other Race Alone 1,633 9,136 20,014 Two or More Races 1,247 6,844 14,147 Hispanic Origin (Any Race) 4,903 29,139 61, Average Household Income $98,221 $107,488 $105,696

13 MARKET OVERVIEW

14 COMPARABLE SALES ADDRESS SALE DATE RBA SALES PRICE PRICE PSF BUILDING TYPE YEAR BUILT California Oaks Road Murrieta, CA /30/17 19,601 SF $5,950,000 $ Class C Medical Office George Cushman Court Temecula, CA /12/18 32,471 SF $10,550,000 $ Class B Medical Office Hancock Avenue Murrieta, CA /2/18 13,722 SF $3,100,000 $ Class B Office Margarita Road - Bldg. A Temecula, CA /29/17 19,176 SF $5,142,500 $ Class B Office Margarita Road - Bldg. B Temecula, CA /29/17 19,176 SF $5,142,500 $ Class B Office Single Oak Drive Temecula, CA /25/18 33,306 SF $5,800,000 $ Class B Office Sky Canyon Drive Murrieta, CA /29/16 39,140 SF $7,150,000 $ Class A Office 2008

15 SKY CANYON CENTER SKY CANYON DRIVE, MURRIETA, CA For More Information Contact: RICK MARCUS Vice President (760) CalDRE # CYNDI LIGHT Senior Vice President (951) CalDRE # Jefferson Avenue Suite 100-B Temecula California t f CalBRE # CalBRE # Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Each Officeis Independently Owned and Operated Except Offices Owned and Operated by NRT Incorporated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated. All information contained herein has been obtained from sources deemed reliable. However, no warranty or guarantee is made as to the accuracy of the information. CalDRE License #