California Coast Credit Union 32170 Temecula Parkway, Temecula, CA Cap Rate 5.25% Temecula (Hemet, California, US ) Built

$5,670,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 7,220 sq. ft.
  • Development Level: Built
  • Lot Size: 0.25 acres
  • Year Built: 2002

Description

California Coast Credit Union 32170 Temecula Parkway, Temecula, CA Cap Rate 5.25%

Cap Rate: 5.25%
NOI: $297,873
Building Size: 7,220 sqft
Lot Area: 0.25 acres
Occupancy: 100%
Year Built: 2002

Price: $5,670,000 USD

DESCRIPTION
The combination of Paseo del Sol’s unmatched location and tenant mix establish the property’s dominant position within the trade area. National tenants in the immediate trade area include Walmart, Home Depot (adjacent), Albertsons, Kohl’s, Marshalls, Ross Dress for Less, Petsmart and many more. This creates excellent tenant synergy and drives significant crossover traffic to the subject property. Average household income within a three-mile radius is over $127,432, and consumer spending in the same radius is nearly $1.3 Billion for 2018.

California Coast Credit Union is a high profile pad building located within the Villages at Paseo Del Sol, the area’s dominant retail center co-anchored by Albertson’s and Home Depot, at the hard corner intersection of Temecula Parkway & State Highway 79 (40,000 vehicles per day) and Meadows Parkway.

HIGHLIGHTS
• California Coast Credit Union | Long-Term Tenancy (15+ Years)
• Recent 10-Year Lease Extension / Open and Paying Rent
• Opportunity to Purchase a Front Pad Within the “Dominant” Retail Center in the Trade Area / Strong Historical Performance
• Dense/In-fill Location with High, Surrounding, Average Household Incomes ($127,000+)
• Pride of Ownership Construction / 2018 Improvements
• 3rd Biggest Population Growth of any County in the Nation (2017) / Strong Economic Driving Factors & New Developments
• Desirable Homes and Apartment Buildings Adjacent to the Property / Values of to $1.3MM and Rentals at $4,300/Month

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.