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34222461
34222462

26035 Palomar Rd, Menifee, CA 92585 For Sale

GM
CA 01275376, CA 0104855 (+1)
Lee & Associates - Temecula Valley
MS
DRE #00798900
Lee & Associates - Riverside
BW
CA#02254521
Lee & Associates - Temecula Valley
CS
DRE #02170137
Lee & Associates - Temecula Valley
Listed by Lee & Associates - Temecula Valley, Lee & Associates - Riverside
$5,700,000
11 days on market
Updated 11 days ago

26035 Palomar Rd

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 32,000
Units 2
NOI $18,415
Tenancy Multi
Brand/Tenant AMR (American Medical Response)
Lease Type Gross
Lease Expiration 10/30/2029
Rent Bumps Yes
Lease Options None
Price per SqFt $178
Year Built 2004
Buildings 1
Acreage 2.020
Zoning Business Park (BP) - City of Menifee
Investment Type Owner/User
Ceiling Height 15'-17'

26035 Palomar Rd, Menifee, CA 92585

Marketing description

Take advantage of this rare owner-user opportunity to purchase and occupy the building with as little as 10% down through SBA financing, all while earning fixed income from a strong-credit tenant.

Given the upcoming vacancy of Unit B and favorable SBA owner-user financing programs, this property presents an ideal opportunity for an owner-user to occupy a portion of the building while benefiting from stable rental income in place for the foreseeable future.

AMR offers comprehensive emergency and non emergency patient transport services and has a presence in over 40 states, with 180 locations, a fleet of over 8,000 ambulances and more than 37,000 team members. They were founded in 1992 and are headquartered in Lewisville Texas. They partner with hospitals, municipalities, and event organizers nationwide. Specializing in 911 emergency response, advanced life support, critical care transport, bariatric and wheelchair van services. AMR is renowned for delivering high-quality patient care "at a moment's notice".

Investment highlights

  • Owner-User Opportunity: 32,000 SF Freestanding Industrial Building
  • Ideal 16,000 SF SBA Owner User Opportunity with Fixed Income in Play
  • Owner-User can own this building for $1,278 Total Effective Monthly Cost
  • Unit A: AMR (American Medical Response) - 16,000 SF, Lease Expiration 10/31/2029
  • Unit B: 16,000 SF Available 9/1/2026 with Bonus Mezzanine Storage Area
  • In-Place Rent: $18,415.23 ($1.15 PSF/Month)
  • Lease Type: AIR Multi-Tenant Gross
  • Annual Increases: Fixed at $480
  • Renewal Options: None
  • Conditional Use Permit (CUP) in Place with City of Menifee
  • Six (6) GL Loading Doors from 12'x14' to 22'x14'
  • +-4,110 SF 'BONUS' Storage Mezzanine
  • Large Secured Yard
  • Clear Height: +-15'-17'
  • 1,000 Amps, 120/208V, Phase Electric
  • Metal Building, Insulated Roof, Skylights
  • Fire Sprinklers: .30/2,500 SF
  • SBA 504 Financing available with as little as 10% down

Listing Contacts

GM
CA 01275376, CA 0104855 (+1)
Lee & Associates - Temecula Valley
MS
DRE #00798900
Lee & Associates - Riverside
BW
CA#02254521
Lee & Associates - Temecula Valley
CS
DRE #02170137
Lee & Associates - Temecula Valley
Listed by Lee & Associates - Temecula Valley, Lee & Associates - Riverside

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$18,415.23
$1,534.60/mo

Valuation Metrics

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DSCR
0.32%
Cap Rate
0.32%
ROI

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