Listed by Newmark Knight Frank - Ontario, Coldwell Banker Commercial NRT Pasadena
Unpriced
3450 Tanya Avenue
Details
APN 456-050-011
Property Type Industrial
Sub Type Warehouse
Square Footage 13,842
Units 9
Year Built 2008
Buildings 3
Acreage 0.730
Zoning M2
Parking Spaces 23 spaces
Parking Per SqFt 1.66
Ceiling Height 17'
Industrial | 13,842 SqFt
Marketing description
Newmark and Coldwell Banker Commercial are proud to exclusively present the opportunity to purchase Tanya Center Business Park, a rare multi-tenant industrial investment on ±.73 acres lot at 3450 Tanya Avenue, Hemet, California. Tanya Center Business Park is exceptionally located in the heart of the IEE, just off State Highway 74 and S. Sanderson Avenue (24,960 VPD per ) in the prominent Airport area in Hemet. S. Sanderson Ave is a major commercial corridor serving adjacent affluent and densely populated cities San Jacinto, French Valley, Lake Elsinore, Peris and Menifee, where the median household income is about $61,000.00/year. Furthermore, the property is within a short drive to San Diego area, with easy access to the 1-10, 215 and 15 freeways.
Tanya Center Business Park is perfect for an investor looking to acquire a generational investment opportunity for its steady rental income and appreciation. Historically, the center has had high leasing demand with occupancy between 94-97% (past 4 years). Currently the center is 100% leased, with rents approx. 20% below market. Investors can significantly add value by increasing rents to market rate of approx. $1.50/SF gr. 2008 construction means minimal improvement needs. Tenant demand is historically very strong in the Tanya Center. Adjacent parcels on either side of ±4.82 acres of land may present redevelopment potential. The property's M2 Zoning allows for light warehouse & distribution, commercial, service uses (Buyer to verify). In addition to light industrial uses, zoning allows for a wide variety of usage including showroom, professional office, wholesale, retail/services, etc. Buyer to verify the property's zoning and land use with the City of Hemet..
Tanya Center Business Park is comprised of three (3) industrial buildings with total building area of ±13,842 SF. Ownership has invested significant capital expenditures in repainting and maintenance of the buildings' interior and exterior. There is a total of 23 parking spaces.
Investment highlights
- Rare Generational Hemet Multi-Tenant Industrial Investment Opportunity situated on +/- .73Acres.
- 3 Buildings, 9 Units, with 100% Industrial Units each at +/- 1,538 SF.
- Spacious +/-.73 Acre lot coupled with adjacent +/- 4.82-acre Land lots may present future development potential.
- Exceptional Location in the Heart of the Inland Empire East, Just Off of State Hwy 74 and S. Sanderson Avenue (24,960 VPD per CoStar).
- High Demand Center - Historically 100% Leased in the Past 4 Years, currently 100% Leased.
- Buyer may have the added benefit of occupying 2 units immediately with potential to occupy up to 4 units.
- M2 Zoning Allows Light Warehouse & Distribution, Office, Retail/Services, and Other Uses Similar to M2 Zoning (Buyer Verify).
- 3450 Tanya Ave: a ±13,842 SF consisting of three (3) single-story industrial buildings, with nine (9) units at 1,538 SF each. Some of the tenants occupy 2 or more units.
- Each warehouse unit has an office area of +/-150 SF, one (1) 10'x12' rollup door, 17' clear height, 200 AMP 3 phase power separately metered, and hi-bay LED lighting. Parking is reinforced concrete.
Listing Contacts
Listed by Newmark Knight Frank - Ontario, Coldwell Banker Commercial NRT Pasadena
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