For Sale
$2,450,000

23305 Peggy LnWildomar, CA 92595

High-Cap Rate Industrial Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Wildomar, CA industrial property, located at 23305 Peggy Lane, presents a compelling investment opportunity. Boasting a substantial 10,600 square feet, the property includes approximately 9,000 square feet of warehouse space and 1,600 square feet of remodeled office space. The building sits on a fully fenced, flat, and usable 3+ acre lot, offering ample space and functionality. Seven loading docks facilitate efficient operations. The property benefits from a highly desirable MSC zoning designation and enjoys prominent freeway frontage exceeding 600 feet along the 15 Freeway, between Wildomar Trail and Clinton Keith Road, ensuring excellent visibility and accessibility. Currently generating a strong net operating income (NOI) of $210,000, this property offers a compelling 7.00% capitalization rate at an asking price of $2,450,000. The property utilizes a well and septic system. The single-tenant lease is structured as a net lease. The APN is 376330018, and the property is located in Riverside County, CA, zip code 92595. This is an ideal investment for those seeking a high-return industrial property with significant upside potential in a strategic location. The property's size, location, and current income stream make it a rare find in the market.

Highlights

  • 10,600 SF industrial building on a 3+ acre lot in Wildomar, CA.
  • 9,000 SF warehouse and 1,600 SF remodeled office space.
  • Seven loading docks and 600+ feet of 15 Freeway frontage.
  • MSC zoning, strong NOI of $210,000, and 7.00% cap rate at $2,450,000 asking price.
  • Net lease with single tenant, well & septic, APN 376330018, Riverside County, CA 92595.

Property Details for 23305 Peggy Ln

Property type
Warehouses, Land
Square Feet
10,600 SF

Location Insight

City
Wildomar
County
Riverside
State
California
Latitude
33.6066519
Longitude
-117.2536034
23305 Peggy Ln, Wildomar, California

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23305 Peggy Ln
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