2024 Riverside County Market Report | Page 24

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CBC Land Team Featured Industrial Listings

Address Size Asking Price Price / SF Status Carmen Avenue , Cabazon 114.95 AC $ 3,000,000 $ 0.60 Available Northpeak Specific Plan , Lake Elsinore 953.00 AC Call for Details - Available Pierce Street , Lake Elsinore 4.58 AC $ 1,350,000 $ 6.77 Available Antelope Rd & Baxter Rd , Murrieta 10.60 AC $ 8,300,000 $ 17.97 Available Ethanac Road , Menifee 4.34 AC $ 2,000,000 $ 10.58 Available Hull Street , Menifee 4.77 AC $ 1,000,000 $ 4.81 Sold Corydon Road , Lake Elsinore 132.00 AC $ 4,000,000 $ 0.70 Sold Clinton Keith Road , Murrieta 4.81 AC $ 997,500 $ 4.76 Sold

Land Sales ( YTD )

Address Size Sale Price Price / SF Date Sold Hwy 74 & Trumble Rd , Perris , CA 92570 8.80 AC $ 3,800,000 $ 9.91 07 / 01 / 2024 Old 215 Frontage Rd , March Air Reserve Base , CA 2.95 AC $ 2,500,000 $ 19.45 06 / 03 / 2024 41280 Elm St , Murrieta , CA 92562 2.77 AC $ 600,000 $ 4.97 05 / 08 / 2024 41350 Elm St , Murrieta , CA 92562 2.24 AC $ 600,000 $ 6.15 05 / 08 / 2024 Hull St - Ethanac Rd ., Menifee , CA 92585 4.77 AC $ 1,000,000 $ 4.81 05 / 07 / 2024 22950 Peregrine Way , Perris , CA 92570 1.01 AC $ 1,200,000 $ 27.28 04 / 17 / 2024 Mapes Rd , Perris , CA 92570 65.60 AC $ 106,982,000 $ 37.44 04 / 16 / 2024 25775 Sherman Rd , Perris , CA 92570 5.49 AC $ 3,500,000 $ 14.64 03 / 28 / 2024 220 Mapes Rd , Perris , CA 92570 3.86 AC $ 4,000,000 $ 23.79 03 / 07 / 2024 14440 Concordia Ranch Rd , Lake Elsinore , CA 92883 4.10 AC $ 1,200,000 $ 6.72 03 / 01 / 2024 0 Redlands Ave , Moreno Valley , CA 92555 3.03 AC $ 1,400,000 $ 10.61 02 / 22 / 2024 5210 Wilson St , Riverside , CA 92509 2.28 AC $ 1,600,000 $ 16.11 02 / 21 / 2024

Notable New Construction

Project Name Location Developer Buildings Total SF Delivery MS Mountain View BP Temecula Silagi Development 10 248,760 Q4 2024 - Q4 2025 Gateway at Menifee Menifee Patrinely Group 3 544,115 Q4 2024 Latitude Business Park Corona REXCO Development 14 1,100,000 Q3 2024 Perris Logistics Center North Perris IDI Logistics 2 2,036,356 Q1 2025 Patterson Commerce Center Perris Rockefeller Group 1 259,951 Q3 2024
Majestic Freeway Business Center ( Phase 3 )
Perris Majestic Realty Co . 6 861,969 Q1 2025
Harley Knox Gateway Perris Sares-Regis Group 2 680,752 Q3 2024 Sycamore Hills Dist . Center Riverside Rockefeller Group 2 603,100 Q4 2025
Agua Mansa Commerce Center
Jurupa Valley CT Realty / PGIM 5 3,602,478 Q3 2024
Coldwell Banker Commercial Land Team 2024 Riverside County Market Report | 13