Lake Elsinore, CA 92530,18261 Collier AVE
Lake Elsinore, CA 92530,18261 Collier AVE
Lake Elsinore, CA 92530,18261 Collier AVE
Lake Elsinore, CA 92530,18261 Collier AVE
Lake Elsinore, CA 92530,18261 Collier AVE
Lake Elsinore, CA 92530,18261 Collier AVE
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$4,400,000

$4,950,000

11.1%
Est.Price: ?

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Est. payment /mo

1.22 Acres Lot


SOLD DATE : 12/15/2022

Key Details

Sold Price $4,400,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SW22196875

Sold Date 12/15/22

HOA Y/N No

Year Built 2002

Lot Size 1.220 Acres

Lot Dimensions Assessor

Property Description

Terrific opportunity to obtain a highly visible 18,876 multi-tenant Industrial building on a hard signalized corner in a great location across from Home Depot just off I-15 in the heart of Lake Elsinore. The building sits on 1.22 acres with 45 parking spaces and is fully leased to three tenants with Sherwin Williams as the anchor tenant on a new 10-year lease. Value add opportunity with two of the tenants paying under market rent. Currently being operated as an owner-user industrial/flex building with mostly office/showroom/retail and industrial warehouse uses.

Zoned CM-Commercial Manufacturing. See supplements for all permitted uses.

"The intent of the C-M district is to provide opportunities consistent with the General Plan for uses that combine commercial and industrial characteristics and for certain commercial uses which require large display or storage areas. Properties assigned this designation shall be located on streets that are categorized as secondary, major, or arterial highways in order to accommodate the intensity of use and increased truck traffic associated with the C-M district and, also, to ensure a high degree of visibility to benefit the commercial aspects of the businesses. In a like manner, C-M projects should demonstrate a higher quality of appearance befitting their more commercial nature than would a typical industrial project."

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning CM

Interior

Fireplace No

Laundry None

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 45

Building

Lot Description Corner Lot, Lot Over 40000 Sqft, Paved, Rectangular Lot, Street Level, Flat

Story 1

Water Public

Others

Tax ID 377120039

Acceptable Financing Cash, 1031 Exchange, Lease Back

Listing Terms Cash, 1031 Exchange, Lease Back

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kris McGee • eXp Realty of California, Inc.
Bought with General NONMEMBER • NONMEMBER MRML
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2603 Camino Ramon, Ramon, CA, 94583

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