OFFERING PRICE:
$7,400,000

OFFERING PRICE PSF:
$232


NOI (YEAR 1):
$477,137

NOI (YEAR 3):
$574,989


CURRENT OCCUPANCY:
93%

TOTAL BUILDING AREA:
31,837 SF

TOTAL LAND AREA:
125,017 SF (2.87 Acres)

 
FEATURED LISTING:
KALMIA PLAZA
41529 Kalmia Street, Murrieta, CA
INVESTMENT HIGHLIGHTS
 
Leasing Momentum - Approximately 25% of the existing occupancy has renewed or signed new leases at the property in 2016
 
Kalmia Plaza is a 31,837 SF multi-tenant retail strip center, 93% leased to a synergistic mix of sixteen (16) restaurant, retail and service tenants
 
Low in-place rents - property wide, rents average just $1.42 PSF/month, creating an opportunity to benefit from the next cycle of rental growth
 
Kalmia Plaza presents a rare opportunity to purchase a “value-add” retail center in one of the Inland Empire’s more affluent trade areas
 
NOI is projected to grow more than $219,000 (46%) over the anticipated hold period, providing an excellent hedge against inflation
 
The California Oaks Rd./Kalmia St. exit is one of the dominant retail pockets in the trade area with tenants including Target, Lowe’s, Kohl’s, Bed Bath & Beyond, Babies “R” Us, Petco, Guitar Center, LA Fitness, AutoZone, O’Reilly Auto Parts, Starbucks, Jack in the Box, Taco Bell, Carl’s Jr. and many others
 
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
FOR MORE
INFORMATION
PLEASE CONTACT:
 
JOHN READ
+1 949 725 8606
Lic. 01359444
john.read@cbre.com
JAMES SLUSHER
+1 949 725 8507
Lic. 01857569
james.slusher@cbre.com
PHILIP D. VOORHEES
+1 949 725 8521
Lic. 01252096
phil.voorhees@cbre.com
MEGAN WOOD
+1 949 725 8423
Lic. 01516027
megan.wood@cbre.com
KIRK BRUMMER
+1 949 725 8418
Lic. 01218518
kirk.brummer@cbre.com
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