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27524148
27524149

2 Locations

BP
CA CA 01866035
Tobias Commercial
Listed by Tobias Commercial
$1,300,000
243 days on market
Updated 20 days ago

31881 & 31877 Corydon | Leased Investment | Portfolio Sale

Details
APN 370-051-030
Property Type Industrial
Sub Type Warehouse
Square Footage 4,810
Net Rentable (SqFt) 4,810
Units 2
Cap Rate 7.46%
NOI $96,976
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Price per SqFt $270
Class B
Year Built 2006
Buildings 2
Zoning M-1
Investment Type Net Lease

Industrial Portfolio | ±7.46% CAP | ±4,810 SqFt

Marketing description

Exceptional Industrial Leased Investment Opportunity

Tobias Commercial proudly presents these premium industrial warehouse properties as a leased investment. 31881 #150 features a thoughtfully designed ground-level retail area, spacious warehouse and a second-level mezzanine featuring two private offices while 31877 Corydon #120 features a reception area, private office, and spacious warehouse with mezzanine storage area.

Property Highlights:

• (#150) A well-designed first-floor retail space provides excellent visibility and accessibility, perfect for customer-facing operations and attached to a spacious warehouse. The second-level mezzanine includes two private offices, ideal for administrative functions or executive workspaces.

• (#120) Designed for efficiency and adaptability, this unit features a spacious open floor plan, a large rear loading area ideal for seamless logistics and operations.

• With 100% climate control, the facilities ensure year-round efficiency and operational stability.

• Modern & Durable Construction: The concrete tilt-up design offers both longevity and aesthetic appeal.

• Premium Location: Strategically positioned within the sought-after Alesco Blue Lake Development these properties enjoy prime positioning near the busy intersection of Mission Trail Road and Corydon Road in Southwest Lake Elsinore. Convenient access via Interstate 15’s Bundy Canyon or Railroad Canyon Exits maximizes ease of transportation.

• Proximity to Regional Attractions: Located adjacent to Lake Elsinore Motorsports Park and Lake Elsinore Skydiving Facility, benefiting from high traffic and local business activity.

• High-Capacity Infrastructure: Equipped with robust 3-phase (4-wire) electrical service to support diverse industrial, retail, and business needs.

• Optimized Work Environment: Skylights provide ample natural light, while 100% climate control ensures operational efficiency and comfort throughout the facilities.

Investment Features:

• Net-Leased Stability: A recession-resistant tenant with a strong operating history ensures reliable income with minimal landlord responsibilities.

• Versatile Income Potential: The combination of industrial warehouse, retail frontage, and office space enhances revenue opportunities.

• Ideal for 1031 Exchange: A prime investment opportunity for tax-deferred reinvestment.

Note: Tenant privacy is strictly enforced. Property viewings are by appointment only, please do not disturb the tenants.

This exceptional offering seamlessly blends functionality, location, and investment strength providing a premier opportunity for investors seeking long-term value in today’s industrial real estate market.

Investment highlights

Investment Features:

• Net-Leased Stability: A recession-resistant tenant with a strong operating history ensures reliable income with minimal landlord responsibilities.

• Versatile Income Potential: The combination of industrial warehouse, retail frontage, and office space enhances revenue opportunities.

• Ideal for 1031 Exchange: A prime investment opportunity for tax-deferred reinvestment.

Note: Tenant privacy is strictly enforced. Property viewings are by appointment only, please do not disturb the tenants.

This exceptional offering seamlessly blends functionality, location, and investment strength providing a premier opportunity for investors seeking long-term value in today’s industrial real estate market.

Listing Contacts

BP
CA CA 01866035
Tobias Commercial
Listed by Tobias Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,976.00
$8,081.33/mo

Valuation Metrics

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DSCR
7.46%
Cap Rate
7.46%
ROI

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Additional Information

Name
Brett Pack
License
CA 01866035
Brokerage
Tobias Commercial
Brokerage Phone
9516766677
Brokerage Address
32823 Temecula Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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