23305 Peggy LnWildomar, CA 92595

Property Details for 23305 Peggy Ln

Property size (Sq ft)

10,600 SF

Property type

Other commercial real estate

Property subtype

Other warehouses

Description

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.

Location Insight

City

Wildomar

County

Riverside

State

California

Latitude

33.6067

Longitude

-117.254

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