Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to present the Elwell Flex Building located in Temecula, California. Temecula, branded as Southern California’s wine country, has award winning schools, higher educational opportunities, a vast array of parks and trails, diverse shopping/dining options and beautiful residential communities. Over the past two decades, the city of Temecula has evolved into an innovative, dynamic city and regional economic center for southwest Riverside County, all while retaining its small town feeling and character. The Temecula Valley Polo Club, the Temecula Valley Balloon & Wine Festival, the Temecula Valley International Film Festival, championship golf courses, and resort accommodations for tourists all contribute to the city’s economic profile. The Elwell Flex Building provides an opportunity for an investor to acquire a stable, beautiful two-story, professional building with attractive office and warehouse units that include fenced yards. A new purchase will be acquiring this quality asset significantly below replacement costs. This asset will give the new ownership the ability to gradually increase lease rates thus creating additional cash flow and value. Most of the property’s current lease rates would be deemed below market, allowing a new investor to improve income through better management and leasing.