2024 Riverside County Market Report | Page 26

1 .
Carmen Avenue 114.95 AC $ 3,000,000
• Location : Cabazon , CA
• Proposed Use : Big Box Industrial
• The offering consists of 13 adjoining parcels that together make up 114.95 acres of raw land located in Cabazon , an incorporated city in northern Riverside County that lies east of Beaumont and west of Palm Desert . In terms of the property specifications , it has a desert terrain , entirely flat topography , and no existing development . There are multiple incoming and existing industrial developments within 15 miles of the property along the I-10 freeway , including a neighboring 390,000 square foot LEED certified Arrowhead Bottling Plant just to the east of the property .
3 .
Pierce Street 4.58 AC $ 1,350,000
• Location : Lake Elsinore , CA
• Proposed Use : Industrial Rezone
• The offering consists of two parcels totaling approximately 4.58 acres located on Pierce St just south of Nichols Rd in the City of Lake Elsinore . The property is currently fenced on all sides and contains a newly renovated 3 bedroom , 2 bathroom single family home . Toward the back of the property is a large barn with a small living quarters / office built above the barn . The subject property is zoned Single Family Residential , however ownership has had positive conversations with the city in regards to a potential rezone . Given the prospective industrial developments to the east and to the north of this site it is believed that there will be favorable support for an industrial rezone at this location .
2 .
Northpeak Specific Plan 953.00 AC Call for Details
• Location : Lake Elsinore , CA
• Proposed Use : Logistics Park
• The offering of the Northpeak Specific Plan encompasses 953 acres in the City of Lake Elsinore with an approved specific plan for 1,200 homes , final EIR , and water / development agreements . Due to to the high off-site and infrastructure costs a site like this faces , residential development is likely unfeasible while a large scale logistics park would be able to better absorb such costs . Additionally , its location away from the residents of the City provides a buffer in terms of visibility and environmental concerns , while still having easy access to the I-15 freeway . CBC ’ s proposed plan consists of 13 industrial buildings totaling 4.2M SF on 276 acres .
4 .
Antelope Rd & Baxter Rd 10.60 AC $ 8,300,000
• Location : Murrieta , CA
• Proposed Use : Small Box Industrial
• The offering sits just to the South of Murrieta Fire Station 4 and offers extremely close proximity to Loma Linda University Medical Center . Access for this property will be gained through the expansion of Warm Springs Rd . Upon completion of the road , the property will provide over ¼ mile of frontage along Warm Springs Rd . Additionally , access is provided off Antelope Rd which offers approximately 330 feet of freeway frontage property . Access to I-215 is just under 2 miles via Clinton Keith and just over two miles via Scott Rd . The property is zoned Innovation which allows for a wide range of uses . Ownership
14 | Coldwell Banker Commercial Land Team 2024 Riverside County will Market deliver Report the land in finished grade blue topped condition with all utilities stubbed to the site .
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