New Construction Warehouse Space
37361 Industry Way Bldg 23 Murrieta, CA
37361 Industry Way Bldg 23, Murrieta, CA, 00000
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For Sale
Contact for pricing
New construction warehouse space for lease in Murrieta, CA.
Property Size6,508 SF
Lot Size7.96 Acres
Price / SF$316.25
Days on Market1257
Property Features for 37361 Industry Way Bldg 23
General Information
- Standard status
- Active
- Size
- 6,508 SF
- Lot size
- 7.96 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 37361 Industry Way Bldg 23 Contact us
Listing Agency
Lee & Associates
(951) 445-4508
Listed by
Michael W. Strode · License #CA#01000597
(951) 445-4508
Source
Moodyscre
Added: Feb 10, 2023 Updated: Jul 6 at 9:51 am Checked: Jul 20 at 3:19 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
Investment Insights
Based on property information with market context.
This new construction warehouse space is located at 37361 Industry Way, Bldg 23, Murrieta, CA. The property is part of the French Valley Airport Center Phase III. The building offers high-quality and energy-efficient construction. The property provides 6508 square feet of space.
Key Highlights
- New construction
- High‑quality building
- Energy efficient building
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.7k | $14.40 |
| − Vacancy | −$6.0k | −$0.92 |
| EGI | $87.7k | $13.48 |
| − OpEx | −$13.2k | −$2.02 |
| NOI | $74.6k | $11.46 |
6,508 SF · lease $14.40/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.07M
$932.0K – $1.24M
NOI $74,560 @ 7.0% cap · market cap 3.62%
Second Best
Industrial
$877.2K
$767.5K – $1.02M
NOI $61,402 @ 7.0% cap · market cap 2.98%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $143,911 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - New construction warehouse space for lease in Murrieta, CA.
Where is this warehouse located?
The property is located at 37361 Industry Way Bldg 23 Murrieta, CA.
What is the asking price?
The asking price for this property is $2,058,155.
What are key features of this property?
This property features: New construction; High‑quality building; Energy efficient building
