WestMar Commercial Real Estate

FOR SALE
Jerry Palmer
1 month ago
24

Sandalwood Circle

41662 Sandalwood Circle, Murrieta, CA
Available
$ 2,070,000.00

WestMar Commercial Real Estate is proud to present this rare “auto uses approved” industrial building in the City of Murrieta. This high occupancy two tenant property is currently divided, and occupied, by two very strong tenants. They both have continuing options to extend out to 2027 and 2034 respectively. Both leases have 3-5% annual base rent increases and, one of which, also includes operating expenses reimbursement. This makes for rapid CAP rate increases from the initial 4.5%.

It should also be noted that although the property is currently demised, it would be very easy to turn the building back into a single tenant offering and partitioning off a secure yard at the rear of the building. 

Sandalwood Circle is conveniently located between the French Valley and the Winchester Road on/off-ramps from the I-15. The Cities of Murrieta and Temecula both appear to be continuing to restrict land use approved for automotive purposes thereby making the future desirability of this property ever increasing.

Parking
1.39/1000
Year Built
2002
Stories
1
Zoning
BP

The above information, while not guaranteed, has been secured from sources we believe to be reliable. 
Details, including but not limited to, site plan, floor plan, price, tenant mix, and availability subject to change without notice.

Location
41662 Sandalwood Circle, Murrieta, CA

APN
910-380-039
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    Visit Applications and Documents to download and view lease application documents.

    Exclusively Listed By:

    Jerry Palmer

    Jerry Palmer
    Senior Vice President | Investment Division
    CA License: 01442207

    (951) 491-6322
    jpalmer@westmarcre.com

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