Bldg B | 40516 Murrieta Hot Springs Rd
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Bldg B 40516 Murrieta Hot Springs Rd
24,647 SF 100% Leased 4-Star Retail Building Murrieta, CA 92563 $5,400,000 ($219/SF) 6.21% Cap Rate
Investment Highlights
- IDEAL INVESTOR OR 1031-EXCHANGE PROPERTY
- RETAIL HOT SPOT
- HIGH VISIBILITY SIGNAGE, HIGH TRAFFIC LOCATION
- RENTAL INCREASES & RENEWAL OPTION
- STRONG SHADOW ANCHOR
- AFFLUENT DEMOGRAPHICS
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,647 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2007
Price
$5,400,000
Price Per SF
$219
Cap Rate
6.21%
NOI
$335,224
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Land Acres
2.50 AC
Zoning
RC - Regional Commercial
Parking
80 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
405 FT on Murrieta Hot Springs Rd
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 916-380-037 | Improvements Assessment | $3,308,279 |
| Land Assessment | $2,378,679 | Total Assessment | $5,686,958 |
PROPERTY TAXES
Parcel Number
916-380-037
Land Assessment
$2,378,679
Improvements Assessment
$3,308,279
Total Assessment
$5,686,958
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T.C. Macker, CCIM -
Woody Cook -
WESTMAC Commercial Brokerage Company
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Bldg B | 40516 Murrieta Hot Springs Rd
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