Listing Agency: CBRE Show Phone

Listed By: Joe Werdein · License #01791235 Show Phone

Source: Moodyscre

Added: Mar 19, 2025 Changed: Oct 13 Last Checked: Oct 15 at 1:39AM

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Investment Insights

Based on property information with market context.

Newly constructed distribution center at 33540 Zeiders Road in Menifee, California, offering 220,606 square feet of industrial space. The facility provides 36-foot clear height, 29 dock-high doors, and two ground-level doors to support warehouse and distribution operations. A 185-foot concrete truck court accommodates trailer circulation and loading activity, with 34 trailer parking stalls included.

The property is equipped with 2,000 amps of electrical service at 277/480 volts, three-phase power. Its combination of substantial building area, vertical clearance, multiple loading positions, trailer storage, and heavy electrical capacity establishes a functional base for distribution and warehouse use.

Key Highlights

• 220,606‑square‑foot newly constructed distribution center
• 36' clear height
• 29 dock‑high doors and 2 ground‑level doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$2,492,031

Cap Rate

5.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$49,840,620 $49.8M

Cap Rate 7%

$35,600,443 $35.6M

Cap Rate 9%

$27,689,233 $27.7M

Market Conditions

NOI Build-Up for 220,606 SF

Gross rent

$3.18M $14.40/SF

− Vacancy

−$244.9K −$1.11/SF

EGI

$2.93M $13.29/SF

− OpEx

−$439.8K −$1.99/SF

NOI

$2.49M $11.30/SF

Area

Menifee, CA

Vacancy

7.71%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$49,840,620

Cap Rate 7%

$35,600,443

Cap Rate 9%

$27,689,233

Alternative Uses

Best Use

Warehouse

$35.60M

$31.15M – $41.53M (±1% cap)

NOI $2,492,031 @ 7.0% cap · market cap 5.79%

Second Best

Industrial

$29.32M

$25.65M – $34.20M (±1% cap)

NOI $2,052,261 @ 7.0% cap · market cap 4.77%

Theoretical Best

Office A

$55.91M

$48.92M – $65.23M (±1% cap)

NOI $3,913,727 @ 7.0% cap · market cap 9.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Distribution centers

Suggested Use

Top Pick Building Supply Parking Lot & Garage Big Box & Wholesale Store Skin Care Clinic Law Firm Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

36 ft

Clear height

29

Dock-high doors

2

Drive-in doors

Location Intelligence

Trade Area within ½ mile

241

Businesses Nearby

Explore this area Business Placement

Demographics for 92584, CA

55,517

Population

18,480

Households

3

Avg Household Size

36

Median Age

28%

College-Educated

92%

High-School Grad

29.1 sq mi

ZIP Area

1,908

Density / Sq Mi

$113,470

Median Household Income

$53,466

Median Earnings

$2,301

Median Rent

$562,100

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this distribution centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Distribution center - Newly constructed distribution facility with high-clearance space and extensive loading infrastructure.

Where is this distribution center located?

The property is located at 33540 Zeiders Rd Menifee, CA.

What is the asking price?

The asking price for this property is $43,018,170.

What are key features of this property?

This property features: 220,606‑square‑foot newly constructed distribution center; 36' clear height; 29 dock‑high doors and 2 ground‑level doors