PROFESSIONAL OFFICE BUILDING

FOR SALE

43448-43450 BUSINESS PARK DRIVETEMECULA | CALIFORNIA 92590

Executive SummaryOutstanding Owner / User Opportunity

• Temecula Office Centre is a prestigious office park that offers an unparalleled image and corporate atmosphere

• Serene, park-like campus setting with attractive design and aesthetics including lush landscaping, building face stonework, beautiful courtyards and pathways

• Highly desirable office space with custom build-outs that include multiple private offices, high volume 10’ ceilings, 9’ tall solid wood doors, office and sidelight windows, reception area, kitchen/coffee bar, conference room and private restrooms

• Abundant parking with 7 reserved spaces and additional parking at a ratio of 4.0 spaces per 1,000 rentable sf

• 4,095 sf available

• FiOS available

Premier South West Riverside Location

• Strategically situated near the convergence of Interstate 215 & I-15 freeways with direct access to the Orange County, Riverside County and San Diego County marketplaces. Only 15 miles east of the Pacific Ocean and 4 miles south of the French Valley Airport.

• Old Town Temecula is less than a mile away and offers some of the area’s best retail, restaurant and night life entertainment for the

entire family. Additional area comforts include golf, resorts,

wine country, Pechanga Resort and Casino and the

Promenade Regional Mall.

ASKING PRICE: $1,105,650

Santa CatalinaIsland

Santa Monica

Pasadena

Pomona

Riverside

San Bernardino

Redlands

Moreno Valley

Perris

Temecula

VistaOceanside

Carlsbad

Ramona

Julian

Pine Valley

Ocotillo Wells

Salton City

Desert Shores

WarnerSprings

Aguanga

Anza

La QuintaCoachella

Palm Desert Indio

Palm Springs

Cathedral City

Pala

Ocotillo

JacumbaHot Springs

Plaster CityAlpine

Chula Vista

La MesaEl Cajon

Escondido

Hemet

San Jacinto

BeaumontBanning

Yucca Valley

Pioneertown

Desert HotSprings

TwentyninePalms

Menifee

Murrieta

Lake ElsinoreIrvine

Costa Mesa

Dana Point

San Clemente

Anaheim

Long Beach

Torrance

LOS ANGELES

SAN DIEGO

San ClementeIsland

Mt SanAntonio

San GorgonioMountain

Mt San Jacinto

PalomarMountain

ClevelandNational Forest

Joshua TreeNational Park

SaltonSea

Big Bear Lake

Paci�c Ocean

Anza-BorregoDesert

State Park

San BernardinoNational Forest

15

15

10

10

10

10

15

15

5

8

8

5

5

110

710

215

215

210

210

405

405

405

605

805

60

18

91

74

78

52

125

94

94

78

79

79

74

74

62

86

111

371

76

73

1

101

241

15

15

15

215

Win

ches

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oad

Diaz Road

Busin

ess Park D

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Ynez Road DePortola Road

Murri eta Hot Springs R oad

Butter�eld Stage Road

Nutmeg Street

Los Alam

os Road

Hancock Avenue

Calif

orni

a Oak

s Roa d

Pauba Ro ad

La Se

rena Way

Meadows Parkw

ay

Nicholas Road

Whit ewood Road

Adams Road

Je�erson Avenue

Pourroy RoadTemecula Parkway

Pechanga Parkway

Vail R

anch Parkway

Anza Road

Rancho California Road

Margarita Ro ad

MURRIETA

TEMECULA

SantaMargaritaEcological

Reserve

Location

• Pechanga Resort and Casino offers hotel rooms, a resort-style pool complex, a large showroom which attracts A-list stars, a huge new spa, two new restaurants and abundant space for special events.

• One of the fastest-growing and centrally-located business districts on the West Coast. The City of Temecula offers a cost-effective and business-friendly environment which provides access to a highly skilled labor force, high quality of living and a surplus of available affordable housing, making it a successful location for a wide variety of professional service firms and high technology companies.

• Affluent trade area demographics with an average household income of $98,349 within a 5-mile trade area and $86,697 in a 3-mile trade area.

• Temecula has strong future business growth potential and is poised to benefit from the influence of growing technology and biotechnology companies in the area.

Property Description

Address: 43448-43450 Business Park Drive

City: Temecula

State, Zip: California 92590

APNs: 921-021-015

Property Size: 4,095 square feet

Year Built: 2006

Stories: Single

Parking Ratio: 4.00 per 1,000 square feet; reserved spaces available.

HVAC: (4) roof mounted package units

Construction Type: Free standing wood frame and stucco

Ceiling Heights: 10’ finished

Zoning: LI - Light Industrial

River Springs Charter School currently leases the entire building. Lease expires December 31, 2018. Currently paying $7,854.00/mo NNN rent. Tenant currently does not intend to renew its Lease in this location.

OPEN OFFICE

OFFICE

OFFICE

OFFICE

OFFICE

KITCHEN

OFFICEOFFICEOFFICE

RECEPTION

OFFICE/STORAGE

RR

RR RR

CONFERENCEROOM

Floor Plan

• Multiple perimeter private offices

• 3 Restrooms

• Conference Room

• Kitchen

• Large open bullpen

* Floor plans are not precise and may not be to scale

43448/43450

DIAZ ROAD

DIAZ ROAD

JEFFERSON AVENUE

JEFFERSON AVENUE YNEZ ROADYNEZ ROAD

WINCHESTER ROAD

WINCHESTER ROAD MARGARITA ROAD

MARGARITA ROAD

BUSIN

ESS

PARK DRIVE

BUSIN

ESS

PARK DRIVE

RANCHO CALIFORNIA

ROAD

RANCHO CALIFORNIA

ROAD

SINGLE OAK DRIVESINGLE OAK DRIVE

1 2

Nearby AmenitiesPALM PLAZA Kmart // Food For Less // Hobby Lobby //

Pier One Imports // Union Bank // See’s Candy // Rent A Car // TJ Maxx

PROMENADE MALL Macy’s // JCP // Sears // P.F. Changs // Lazy Dog // The Yard House // California Pizza Kitchen // Islands

Restaurant // Romano’s Macaroni Grill // TGI Firdays // Cosi’s // Red Robin // Souplantation // Office Depot // Party City // Petco // Barnes & Noble // Men’s Warehouse // Costco // Red Lobster // Starbucks // El Torito // JoAnn // Buy Buy Baby

1 2

YNEZ ROADYNEZ ROAD

JEFFERSON AVENUE

OLD TOWN FRONT STREET

JEFFERSON AVENUE

OLD TOWN FRONT STREET

DIAZ ROAD

DIAZ ROAD

BUSINESS PARK DRIVE

BUSINESS PARK DRIVE

RIDG

E PARK DRIVE

RIDG

E PARK DRIVE

SING

LE OA

K D

RIV

ESIN

GLE O

AK

DR

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RIDER WAY

RIDER WAY

RA

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ALIFO

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ALIFO

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OLD TOWN TEMECULA Starbucks // Front Street Bar & Grill // The

Edge Restaurant // Mad Madeline’s // The Bank Mexican Restaurant // City Hall // Numerous Antique Stores

3 4 5TEMECULA TOWN CENTER

Target // Vons // CVS // Claim Jumper // Home Goods // Rubio’s // Daphne’s Greek Restaurant // Starbucks // Style For Less // 24 Hour Fitness // Subway //Golden Spoon

TOWER PLAZA CENTER

Chili’s // Black Angus // Big Lots // Michael’s // Bank Of America // Pacific Western Bank // Pacific Trust Bank // Del Taco // Ultra Star Cinemas //Armstrong Garden Center

3

45

Demographics

MEDIAN HOUSEHOLD INCOME

1 MILE $49,1543 MILE $74,0485 MILE $83,720

1 MILE 4,4703 MILE 47,3235 MILE 152,915

HIGH SCHOOL DEGREE OR

HIGHER

1 MILE 86%3 MILE 90%5 MILE 92%

GRADUATE DEGREE OR

HIGHER

1 MILE 22%3 MILE 30%5 MILE 32%

EDUCATION

TOTAL EMPLOYEES

1 MILE 16,3453 MILE 45,3535 MILE 73,797

TOTAL BUSINESSES

1 MILE 1,7203 MILE 4,5065 MILE 7,092

BUSINESS

POPULATION

Inland EmpireThe largest region of Southern California, the Inland Empire, comprises of both Riverside and San Bernardino Counties, is one of the most significant economies in the United State. It has been rated in the top tier for various measures of growth from population and job creation to construction and office space absorption over the last decade. It is generally considered to be the area between the southern coastal areas of Orange County, Los Angeles and the Palm Springs, California and other desert cities. Inland Empire contains over 50 cities, including Riverside, San Bernardino, Rancho Cucamonga, Ontario and Temecula’s Wine Country to the south.

The U.S. Census Bureau-defined Riverside - San Bernardino - Ontario metropolitan area covers more than 27,000 square miles (70,000 km2) and has a population of approximately 4 million. Most of the area’s population is located in southwestern San Bernardino County and northwestern Riverside County. At the end of the 19th century and since the 1970s a rapidly growing population, fed by families migrating in search of affordable house, has led to more residential, industrial and commercial development.

The Inland Empire is poised for extreme growth and has added over half a million people on the past five years, bringing the current population to 4.4 million. The Southern California work force has been migrating to the Inland Empire for reasons such as affordable land, excellent quality of life and relatively lower housing prices couples with efficient and multiple transportation routes. In fact, the Riverside - San Bernardino primary metropolitan statistical area is California’s 2nd and the Nation’s 12th most populous region. The Inland Empire market continues to be one of the largest and most dynamic areas in the country, with diminishing land supply as well as steady absorption and demand, the area is poised for continued success. The area benefits from its infrastructure and the growing population who would prefer to live and work in the same community. There are many factors that continue to contribute to the sustained economic growth of the Inland Empire.

These include:

• The Inland Empire offers a strategic West Coast location, vast amounts of available land for future growth, a highly-skilled and educated work force, a sophisticated transportation infrastructure and access to 27 colleges and universities, including seven research institutions. The area features a changing economic landscape with emerging technological productivity and employs an excess of 1 million people. The Inland Empire is also one of America’s most unique regions, featuring impeccable mountains, lakes, deserts and ample recreation and sporting activities, all within an hour drive to the shores of the Pacific Ocean.

• Each year, a million people visit the county to take advantage of the glorious desert winter, attend the Riverside County Fair and National Date Festival, the Balloon and Wine Festival, the Palm Springs International Film Festival, the Coachella and Stagecoach mega-concerts, the Paribas Open at the Indian Wells Tennis Center and the Humana Challenge, the golf tournament formerly known as the Bob Hope Classic. All those, joined with a rich, cultural heritage and frontier history, make Riverside County a great place to live, work and visit.

Temecula is a place of rolling vineyards, historic traditions and modern conveniences combined to offer entertainment for people of all ages. Covering 30,169 square miles, Temecula is centrally located along the I-15 and I-215 freeway corridor in Southwest California, just north of the San Diego county line. Branded as Southern California Wine Country, Temecula has award winning schools, higher educational opportunities, vast array of parks and trails, diverse shopping and dining options and beautiful residential communities. With its beautiful wine country, charming Old Town and four-diamond Pechanga Resort & Casino, Temecula remains a premier city within Southwest Riverside County. With a population of more than 100,000, this city continues to build on its success; it attracts those who demand a high quality of life.

City or Temecula

Over the past two decades, the City of Temecula has evolved

into a innovative, dynamic City and a regional economic center

for Southwest Riverside County, all while retaining its small town

feel and character. Many families began to move to the area

from San Diego and Orange County drawn by the affordable

housing prices and the popular wine country. Temecula is an affluent community. Supported by high median and mean

income levels as well as the city’s favorable tourist and resort industries, the city is a prominent tourist destination. Temecula remains the ideal city for relocating, expanding

and developing a new project in Southern California.

Located in the heart of Temecula, Old Town Temecula blends historic 1880’s buildings with over 640 antique dealers, unique shopping and restaurants. Old Town Temecula

is the site of many special events including car shows, semi-annual Road Runs, Western Days and summer weekend entertainment and also home to the Temecula

Museum which features exhibits about the local band of Native Americans and the local natural history and city development.

The Temecula Valley boasts 153 holes at eight golf courses, including seven championship courses. The well-bunkered Oaks at Temecula Creek Inn is

known for its tree-lined beauty and playability, while Pechanga’s Journey will take your breath away on the sixth hole, where the intimidating 175-yard

drop may make your knees quiver during your tee shot.

Top Employers of Temecula

VALLEY UNIFIE

D

TEMECULA

EMD

MIL

LIPO

RE

3,050 Employees

2,000Employees

900 Employees

697 Employees

650 Employees

600 Employees

408 Employees

404 Employees

375 Employees

353 Employees

Temecula and Murrieta ValleyWORK FORCE

The Murrieta / Temecula Twin Cities area has emerged as a center for job growth due to the migration of new residents to this are from neighboring San Diego. As is common in newly developing ares of Southern California, this and initially caused the growth of retail and other population - serving businesses to grow in the community. The City of Murrieta - in conjunction with the City of

Temecula - have since begun to undertake a proactive joint program to attract additional high technology firms and advanced manufacturing firms to the Twin Cities area. These efforts have been suppurated by the proximity to San Diego, the high quality of life, the affordable housing, affordable land and buildings, the highly acclaimed school system, the well-educated work force as well as the moderating effect of the sea breezes passing over the mountains between Southwest Riverside County and San Diego compared to other inland areas.According to a report prepared by the firm of Economics and Politics, Inc. in 2013, the average pay per worker in the area is below levels in neighboring San Diego. The area’s pay per worker was $28,876. This contrasts favorably with the San Diego County figure of $49,084.

INCENTIVES AND BUSINESS SUPPORT SERVICES*

NO UTILITY USE TAXThere is no utility tax including electric, telephone, cellular, gas and water for businesses located in Temecula.

BUSINESS RETENTION PROGRAMTemecula’s Business Retention Program includes site visitations to local businesses on a regular basis. City and Temecula Chamber representatives meet with businesses and learn more about the company and it also provides an opportunity for the committee to respond to any questions the company may have. Information on

labor / education needs and available training programs that can be utilize as well as business issues relating to city services, permits and city programs are discusses.

INDUSTRIAL DEVELOPMENT BONDS (IDBS)Industrial Development Bonds (IDBs) are tax-exempt securities issued up to $10 million by a governmental entity to provide money for the acquisition, construction, rehabilitation and equipping of manufacturing and processing facilities for private companies. IDBs can be issued by cities, counties, joint powers authorities (like

CEDA) and the State. Bank IDBs can be used to fund the acquisition or development of manufacturing facilities. The IDBs application and review process has been greatly streamlined in California, with monthly project approvals and no location restrictions.

FOREIGN TRADE ZONEThe City of Temecula is located within San Diego’s Foreign Trade Zone designation. Foreign Trade Zones (FTZx) were created in the United State to provide special customs procedures to U.S. Plants engaged in international trade-related activities. Manufacturers locating in FTZs do not have to pay import duties on goods brought into the zones

unless they are exported to the Unites State and do not have to pay import taxes on the increased value of the goods added by labor in the U.S. which can potentially save companies millions of dollars annually die to the reduced fees, taxes and tariffs on goods brought into the U.S.

SAN DIEGO INNOVATION HUBTemecula is part of San Diego’s Innovation Hub! The California Governor’s Office of Economic Development (GoED) recently announced the San Diego Innovation Hub or San Diego “iHub” has been expanded to include Murrieta, Temecula and Southwest Riverside, along with the City of Riverside and the University of

California Riverside in this zone.The new expanded San Diego iHub creates a combined technology corridor which is anchored on the south by San Diego and on the north by the University of California Riverside. This designation reflects the economic advantages of the Twin Cities, including the highly educated workforce, the area’s highly rated schools, the quality of life and the availability of affordable land and buildings along the freeways for new industrial growth. * Source: Speer Consulting, Neilson and City of Temecula

Avison Young San Diego4655 Executive Drive, Suite 325San Diego, California 92121avisonyoung.com | 858.201.7070

©2018 Avison Young Commercial Real Estate Southern California Inc. All rights reserved. The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice.

43448-43450 BUSINESS PARK DRIVE TEMECULA | CALIFORNIA | 92590

SALE ADVISORS:

Stan NowakPrincipal951.267.2660stan.nowak@avisonyoung.comCalBRE # 01461162

Matt ShawSenior Associate951.267.2757matt.shaw@avisonyoung.comCalBRE # 01917622