New Construction Flex/Industrial
For Sale
Contact for pricing
37377 Industry Wy, Murrieta, CA 92563
New construction flex/industrial building completed in February 2023.
Property Size6,833 SF
Price / SF$316.25
Days on Market1474
Property Features for 37377 Industry Wy
General Information
Standard status
Active
Size
6,833 SF
Total Parking Spaces
16
Property subtype
Office, Industrial
Lease Type
Gross
Building Details
Year Built
2023
Buildings
19
Listing Agency:
Lee & Associates - Temecula Valley
Listed By:
Charley Black · License #CA#01000597
(951) 445-4507
Source:
Crexi
Added: Oct 5, 2022
Changed: Oct 9
Last Checked: Oct 16 at 9:28AM
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 - Temecula Valley
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This new construction, high-quality, and energy-efficient building is located in French Valley Airport Center Phase III. The building was completed in February 2023 and offers 6,833 square feet of flex and industrial space.
Key Highlights
- New construction completed in February 2023
- High‑quality building
- Energy efficient building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,412
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,788,240
$1.8M
Cap Rate 7%
$1,277,314
$1.3M
Cap Rate 9%
$993,467
$993.5K
Market Conditions
NOI Build-Up for 6,833 SF
Gross rent
$147.6K $21.60/SF
− Vacancy
−$10.0K −$1.47/SF
EGI
$137.6K $20.13/SF
− OpEx
−$48.1K −$7.05/SF
NOI
$89.4K $13.09/SF
Area
Murrieta, CA
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,788,240
Cap Rate 7%
$1,277,314
Cap Rate 9%
$993,467
Alternative Uses
Best Use
Flex RnD
$1.28M
$1.12M – $1.49M
NOI $89,412 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$921.0K
$805.9K – $1.07M
NOI $64,469 @ 7.0% cap · market cap 2.98%
Theoretical Best
Specialty Retail
$2.16M
$1.89M – $2.52M
NOI $151,098 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92563, CA
73,224
Population
24,020
Households
3
Avg Household Size
35
Median Age
33%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
3,240
Density / Sq Mi
$118,519
Median Household Income
$51,772
Median Earnings
$2,588
Median Rent
$615,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Pete's Firehouse BBQ — 38365 Innovation Ct suite i-904, Murrieta, CA 92563
Frequently Asked Questions
What type of property is this?
Flex space - New construction flex/industrial building completed in February 2023.
Where is this flex space located?
The property is located at 37377 Industry Wy Murrieta, CA.
What is the asking price?
The asking price for this property is $2,160,936.
What are key features of this property?
This property features: New construction completed in February 2023; High‑quality building; Energy efficient building
