Palomar Yard | 26420 Palomar Rd
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Palomar Yard 26420 Palomar Rd
9,918 SF 100% Leased Industrial Building Menifee, CA 92585 £2,488,191 (£251/SF) 4.21% Net Initial Yield
Investment Highlights
- RE-DEVELOPMENT OPPORTUNITY
- CONTRACTOR'S YARD
- OWNER USER OPTION
Executive Summary
AVAILABLE FOR SALE: Terrific 3.52 Acre of Flat Land along with 3 buildings: Warehouse (Approx. 6,000 sqft) + Office (2,418 sqft) + Shop (approx. 2,500 sqft) UNIQUE OPPORTUNITY: Owner transferring Entitlement Process along with an executed Easement option worth twice the approx. costs of such proposed entitlement costs. Call agent to inquire. Currently leased until June 2026. Building Zoning allows industrial and related uses including warehousing/distribution, assembly and light manufacturing, repair facilities, and business parks, including corporate offices. Employee-intensive uses, including research and development, technology centers, "clean" industry, and supporting hotel and ancillary retail uses are also permitted. The permissible development density is between the minimum and maximum floor area ratio. CONVENTIENTLY Located just 1 mile away from 215 FWY, and within 25 minutes of Perris, Riverside and Temecula. Water is city. Power on generators. Septic and Propane Connected. Property will be Sold AS IS. We strongly encourage all prospective buyers, to perform their own due diligence regarding square footage and all aspects of property, including Zoning, Licensing, entitlement, costs, easement options and utilities in order to be fully satisfied. Brokers/agents will not be responsible for any discrepancies on any of the previously mentioned aspects.
Property Facts
Amenities
- Fenced Lot
- Front Loading
- Yard
- Storage Space
Utilities
- Gas - Propane
- Water - City
- Sewer - Septic Field
- Heating - Electric
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- COMPASS BUILDERS, INC
- Construction
- 99,999 SF
- $9.99
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
COMPASS BUILDERS, INC | Construction | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
Parcel Number | 331-220-043 | Improvements Assessment | £954,589 |
Land Assessment | £688,556 | Total Assessment | £1,643,145 |
PROPERTY TAXES
Parcel Number
331-220-043
Land Assessment
£688,556
Improvements Assessment
£954,589
Total Assessment
£1,643,145
zoning
Zoning Code | BP/Light Industrial (Allows industrial and related uses including warehousing/distribution, assembly and light manufacturing, repair facilities, and business parks.) |
BP/Light Industrial (Allows industrial and related uses including warehousing/distribution, assembly and light manufacturing, repair facilities, and business parks.) |
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Palomar Yard | 26420 Palomar Rd
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