New Construction Flex/Industrial
37377 Industry Wy Murrieta, CA 92563
37377 Industry Wy, Murrieta, CA, 92563
Contact for pricing
For Sale
Contact for pricing
New construction flex/industrial building completed in February 2023.
Property Size6,833 SF
Price / SF$316.25
Days on Market1383
Property Features for 37377 Industry Wy
General Information
- Standard status
- Active
- Size
- 6,833 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 2023
Listing Agency
Lee & Associates - Temecula Valley
(951) 445-4507
Listed by
Charley Black · License #CA#01000597
Source
Crexi
Added: Oct 5, 2022 Checked: Jul 17 at 12:58 pm
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
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
Local Financial Insights For Office B
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 | $133.7k | $19.56 |
| − Vacancy | −$11.0k | −$1.60 |
| EGI | $122.7k | $17.96 |
| − OpEx | −$30.7k | −$4.49 |
| NOI | $92.0k | $13.47 |
6,833 SF · lease $19.56/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $92,020 @ 7.0% cap · market cap 4.26%
Second Best
Flex RnD
$1.28M
$1.12M – $1.49M
NOI $89,412 @ 7.0% cap · market cap 4.14%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Pete's Firehouse BBQ — 38365 Innovation Ct suite i-904, Murrieta, CA 92563
FAQs
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
