Freestanding Flex and
539 Chaney St Bldg 14 Lake Elsinore, CA 92530
For Sale
Contact for pricing
Freestanding building offering office space with a sizable mezzanine, plus fenced yard and multiple dock and grade-level doors.
Property Size42,000 SF
Price / SF$278
Days on Market190
Property Features for 539 Chaney St Bldg 14
General Information
Standard status
Active
Size
42,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Lee & Associates
(714) 318-3571
Listed By:
Justin B Null, SIOR · License #01275376
(714) 318-3571
Source:
Moodyscre
Added: Jan 20
Changed: Jul 26
Last Checked: Jul 28 at 4:06PM
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.
Fairway Business Park Phase III presents a freestanding building configured with 1,972 SF of first-floor office and 1,830 SF of mezzanine. The facility is designed for warehouse operations with 26' clear height, three grade-level doors, and three dock-high doors. A fenced and secured yard provides additional outdoor space for controlled access.
Located at 539 Chaney St, Bldg 14 in Lake Elsinore, the property sits within the Fairway Business Park Phase III development.
This flex-style layout combines dedicated office areas with warehouse height and door capacity, supported by a secured yard for day-to-day logistics and staging needs.
Located at 539 Chaney St, Bldg 14 in Lake Elsinore, the property sits within the Fairway Business Park Phase III development.
This flex-style layout combines dedicated office areas with warehouse height and door capacity, supported by a secured yard for day-to-day logistics and staging needs.
Key Highlights
- Freestanding office building with 1,972 SF 1st floor office plus 1,830 SF mezzanine
- 26' clear height
- 3 grade level doors and 3 dock high doors
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 | $962.6k | $22.92 |
| − Vacancy | −$82.8k | −$1.97 |
| EGI | $879.9k | $20.95 |
| − OpEx | −$220.0k | −$5.24 |
| NOI | $659.9k | $15.71 |
42,000 SF · lease $22.92/SF/yr · vacancy 8.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.43M
$8.25M – $11.00M
NOI $659,890 @ 7.0% cap · market cap 5.65%
Second Best
Warehouse
$5.98M
$5.24M – $6.98M
NOI $418,804 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$12.58M
$11.01M – $14.68M
NOI $880,774 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Tacos El Chema — 18123 Collier Ave, Lake Elsinore, CA 92530
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding building offering office space with a sizable mezzanine, plus fenced yard and multiple dock and grade-level doors.
Where is this flex space located?
The property is located at 539 Chaney St Bldg 14 Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $11,676,000.
What are key features of this property?
This property features: Freestanding office building with 1,972 SF 1st floor office plus 1,830 SF mezzanine; 26' clear height; 3 grade level doors and 3 dock high doors
