Case Study: Industrial - California

27941-27973 Diaz Road

Five concrete tilt-up industrial buildings totaling 66,102 square feet in Temecula, CA purchased in December 2020 for $8,150,000 ($123 per square foot) in an off-market transaction.

Dunbar worked with the City of Temecula to put a condo map on the project and was able to sell out of all the individual buildings to owner users and investors within the first year of ownership at an average per square foot price of approximately $180.

Size

66,102 SF
5-buildings

Transaction Details

Off-market

Acquisition

$8,150,000
December 2020

Disposition

$180 per square foot
October 2021

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