The Outlets at Lake Elsinore
47 ACRE INLAND EMPIRE REDEVELOPMENT OPPORTUNITY ON I-15 FREEWAY
Marketing description
SUPERIOR FREEWAY FRONTING LOCATION
► The property sits on Interstate-15 freeway in Lake Elsinore connecting San Diego to Las Vegas. Surrounded by newer residential and retail amenities, the property has great visibility and accessibility.
► The 3,000 acre freshwater lake is the largest natural body of water in Southern California and a huge draw for the city. The proximity to Orange County to the west and Temecula Valley to the south, make Lake Elsinore a highly desirable place to live and work.
► Within 15-miles, the property has a population of over 647,322 that is comprised of over 203,579 households with average household income of $124,446. (source ESRI)
POTENTIAL REDVELOPMENT STRATEGIES
► A++ location with affluent consumers, strong labor pool, local and national users seeking to expand and/or consolidate.
► Excellent Infrastructure with a robust freeway system (Interstates 15, 10 & 215 and State Routes 91, 71 & 60), a developing freight movement system that includes airports (Ontario & San Bernardino International), railroads, a network of freight forwarders, and the ports of Long Beach and Los Angeles.
► Property potential to incorporate residential offerings with a mix of product types. Ideal for college, university, trade school or other educational or religious campus to take advantage of existing buildings.
Investment highlights
47 ACRE INLAND EMPIRE REDEVELOPMENT OPPORTUNITY ON I-15 FREEWAY
► Attractive opportunity to acquire a 47.23-acre site in the Inland Empire for redevelopment. The Outlets at Lake Elsinore is a 318,841-SF outlet mall with 1/2 mile of frontage along Interstate-15 freeway in the city of Lake Elsinore. The property is currently 57% leased.
► Zoned CC - Community Commercial, the property allows for a variety of uses. With very few large scale, freeway fronting sites available, new ownership could explore different redevelopment opportunities with a city that is experiencing explosive growth.
► The property could present a unique opportunity for an owner-user group that needs immediate scale and cannot wait for the traditional timeline of new development.
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